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System audit vs Compliance test

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA BT – FIA FBT › System audit vs Compliance test

  • This topic has 3 replies, 2 voices, and was last updated 3 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • April 15, 2022 at 8:58 am #653345
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Professor, can you please tell difference between two. These two are very similar.

    April 16, 2022 at 6:54 am #653419
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10648
    • ☆☆☆☆☆

    A system audit examines a system (IT, quality control, maintenance, financial etc) to assess if it is well-designed to perform its required function).

    A compliance test is a test to ensure employees are performing the procedures and checks that are stipulated in the system. You could have a well-designed system of financial control, but if employees do not perform their tasks properly then the system will not work correctly.

    April 17, 2022 at 12:14 pm #653475
    maximus07
    Participant
    • Topics: 446
    • Replies: 437
    • ☆☆☆☆

    Thank you professor.
    I am really grateful to you for all your help. I passed FBT exam with good marks. And sorry for bothering you with continuous questions.

    April 17, 2022 at 2:02 pm #653485
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10648
    • ☆☆☆☆☆

    Congratulations! Thanks for letting us know that you did well.

    No problem at all with all the questions.

  • Author
    Posts
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