Technology has evolved significantly throughout the years and plays an ever-increasing role in supporting business operations to help companies achieve strategic advantage.  For some companies, technolgoy risks can present an existential threat.  You have scheduled a meeting with the Chief Information Officer of your company to review the proposed IT audit plan for 2023.  Explain how you would use the IT audit function to add value to the organization

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Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.