Information technology (IT) or Information and communication technology (ICT) is a broad subject concerned with technology and other aspects of managing and processing information, especially in large organization.
In particular, IT deals with the use of electronic computer and computer software to convert, store, protect process, transmit, and retrieve information. For that reason, computer professionals are often called IT specialists, and the division of a company or university that deals with software technology is often called the IT department. Other names for the latter are information services (IS) or management information services ...view middle of the document...
IT auditing has had a relatively short yet rich history when compared to auditing as a whole and remains an ever-changing field.
Our world today has changed a great deal with the aid of information technology. Things that were once done manually or by hand have now become computerized operating systems, which simply require a single click of a mouse to get a task completed. With the aid of IT we are not only able to streamline our business processes but we are also able to get constant information in 'real time' that is up to the minute and up to date.
The advantages of information technology
Globalization - IT has not only brought the world closer together, but it has allowed the world's economy to become a single interdependent system. This means that we cannot only share information quickly and efficiently, but we can also bring down barriers of linguistic and geographic boundaries. The world has developed into a global village due to the help of information technology allowing countries like Chile and Japan who are not only separated by distance but also by language to shares ideas and information with each other.
Communication - With the help of information technology, communication has also become cheaper, quicker, and more efficient. We can now communicate with anyone around the globe by simply text messaging him or her or sending him or her an email for an almost instantaneous response. The Internet has also opened up face-to-face direct communication from different parts of the world thanks to the helps of video conferencing.
Cost effectiveness - Information technology has helped to computerize the business process thus streamlining businesses to make them extremely cost effective money making machines. This in turn increases productivity, which ultimately gives rise to profits that, means better pay and less strenuous working conditions.
Bridging the cultural gap - Information technology has helped to bridge the cultural gap by helping people from different cultures to communicate with one another, and allow for the exchange of views and ideas, thus increasing awareness and reducing prejudice.
More time - IT has made it possible for businesses to be open 24 x7 all over the globe. This means that a business can be open anytime anywhere, making purchases from different countries easier and more convenient. It also means that you can have your goods delivered right to your doorstep with having to move a single muscle.
The disadvantages of information technology
Unemployment - While information technology may have streamlined the business process it has also crated job redundancies, downsizing and outsourcing. This means that a lot of lower and middle level jobs have been done away with causing more people to become unemployed.
Privacy - Though information technology may have made communication quicker, easier and more convenient, it has also bought...