Background of the Study
IT auditing plays a vital role in assessing and mitigating risks associated with the use of technology in businesses. Effective IT auditing practices ensure compliance with regulations, identify vulnerabilities, and safeguard digital assets. By aligning IT systems with business goals, organizations can enhance operational efficiency and reduce risk exposure (Adamu & Bello, 2023).
In Niger State, businesses face increasing risks from cyber threats, data breaches, and regulatory non-compliance. This study evaluates the effectiveness of IT auditing practices in managing these risks and ensuring organizational resilience.
Statement of the Problem
Despite the importance of IT auditing, businesses in Niger State encounter challenges such as insufficient resources, lack of expertise, and resistance to audits. These issues undermine the ability of IT auditing to effectively mitigate risks, leading to vulnerabilities and financial losses.
This study appraises IT auditing practices, focusing on their effectiveness in managing risks and identifying areas for improvement.
Objectives of the Study
1. To assess the prevalence of IT auditing practices in companies in Niger State.
2. To evaluate the effectiveness of IT auditing in identifying and mitigating business risks.
3. To identify challenges faced by companies in implementing IT auditing practices.
Research Questions
1. How prevalent are IT auditing practices in companies in Niger State?
2. How effective are IT auditing practices in identifying and mitigating business risks?
3. What challenges hinder the implementation of IT auditing practices?
Research Hypotheses
1. IT auditing practices are not widely implemented in companies in Niger State.
2. IT auditing practices do not significantly mitigate business risks.
3. Challenges in implementing IT auditing practices do not significantly affect their effectiveness.
Scope and Limitations of the Study
This study focuses on companies in Niger State, examining the adoption and impact of IT auditing practices on risk management. Limitations include variations in business size and the availability of IT resources.
Definitions of Terms
• IT Auditing: The process of examining IT systems, policies, and operations to ensure compliance, efficiency, and risk mitigation.
• Risk Management: The identification, assessment, and prioritization of risks to minimize their impact on business operations.
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