SWOT Analysis of the IS Audit Presentation
Identification of IT misuse early enough
The audit can determine if the system is used for purposes other than the ones which it is meant for. Implementation of technology in organizations has seen workers using IT resources for their purposes. IT audit can examine the records of use of the IT infrastructure and, therefore, determine whether it is being misused. Early identification can save the organization from more misuse.
Compliance with professional standards
The audit, preceded by thorough planning, as described in the presentation, would likely meet professional audit standards, making the process efficient. These standards would also ensure that the client has trust in the audit team (Moeller, 2010). All the authorization documents would be issued by the client hence protecting the auditors in case of any lawsuits.
Risk evasion
The risk assessment process enables the auditors to identify possible risks that may occur during the audit and, therefore, identifying the ways of preventing damages. The auditors also have a chance to discuss with the client and make them aware of the probable risks meaning that they have a chance to decide on the action that will cause minimum loss.
Weaknesses
Failure to identify all cases of misuse
The audit process may fail to identify all the misuse cases of the IT infrastructure. This failure may even further expose the organization to further misuse as the person responsible will know that the organization managers are not able to identify the misuse after all. The audit should be as thorough as possible to ensure that most areas are covered.
Destroying the system
During risk analysis, the audit team may fail to identify some risks, which may even be worse. The failure to identify the risk may lead to an audit destroying the whole system. This can cause losses to the company, which may be hard to recover from as they were not prepared for that particular failure. The audit team must, therefore, conduct a thorough risk analysis to ensure that they identify all the risks associated with the audit.
Inadequate reporting
The audit team may miss to include some details of the audit in the audit report. Missing details would mean that the issue will not be handled at the same time with other issues that have been reported by the team. The organization may, therefore, be running on a hidden that they should have known. The team is, therefore, advised to ensure that each issue identified during the audit is reported and proper recommendations made.
Opportunities
Identification of areas that require improvement
Thorough technological audit evaluates the technological position of the organization as discussed in the presentation (Carlin, 2007). This means that the organization can identify the areas that they need to improve to keep up with the competition.
Professional assurance of safety
IT audit will assure the users that the system is safe for their use and, therefore, they will have confidence in using the system. Some employees may have issues with trusting new technology until they are informed by an expert that the system is safe. Such a professional assurance would prove crucial for their trust in the system.
Threats
Lack of will to comply
The employees may be unwilling to comply with the audit as some of them may feel that their misuse of the system will be realized. Such employees may hide some of the IT components that require the audit.
Inadequate resources
The clients may be unwilling to spend a certain sum on the audit which may make the process substandard. Lack of resources may mean that qualified professionals may not be hired hence leading to question marks over the quality of the audit (Choi, 2010). This may mean that all the issues facing technology might not be addressed hence threatening the organization.
Presentation critique
The presentation addressed the whole process of IT audit adequately but emphasizing on the important areas that need keenness. One area that they failed to address is the quality of the audit. The presentation should have put emphasized on the quality and that the organization has to be willing to spend for quality.
References
Choi, J. H., Kim, C., Kim, J. B., & Zang, Y. (2010). Audit office size, audit quality, and audit pricing. Auditing: A Journal of practice & theory, 29(1), 73-97.
Carlin, A., & Gallegos, F. (2007). IT audit: A critical business process. Computer, 40(7).
Moeller, R. R. (2010). IT audit, control, and security (Vol. 13). John Wiley & Sons.
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Question 
In preparation for the final submission to the management team of PVSS, you will create a strengths, weaknesses, opportunities, and threats (SWOT) analysis of the presentation from the group project.
SWOT Analysis of the IS Audit Presentation
In an analysis of 2–3 pages, create the following: A SWOT analysis of the Group Project presentation.
Critique the presentation, and describe what could have been completed better. Explain why.
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