Chapter 1Audit

DOI: 10.1201/9781003230137-1

If one knows the reasons why things are as they are, he can better foresee how they are likely to be in the years ahead.

John L. Carey, “History of Public Accounting” foreword from James Don Edwards

1.1 LEGACY

John L. Carey’s quote above summarizes the route used to understand the business of a company and assume or expect what it would be in the following years. The only piece missing in this smart sentence is about the understanding of the current technological trends and their impacts, for us the current information technology (IT) trends. Before focusing on IT trends and the need for an information system audit strategy, let’s all agree on our past, our audit past.

Information about commercial ...

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