Information technology plays a major role in facilitating business functions in this era, not just in transaction capturing and processing but even in lesser-known areas like Corporate Governance and Risk Management. There is no doubt that Chartered Accountants with ISA qualifications will play a major role in Information Systems Audit (ISA) in the coming years. The technology revolution in the 20^th century, particularly in the last ten years, is a re-enactment of the Industrial Revolution that happened 150 years ago- with valid reasons until today. The Industrial Revolution was propelled by innovations but now the rules are being rewritten, powered by silicon chips and Internet bandwidth changing paradigms, knowledge and experience in technology are not merely desirable, but basic requirements for growth and even survival in the evolving global village.

As a future Information System Auditor, elaborate THREE [3] types of audit listed below, provide necessary examples of how this audit will be conducted, and the key focus area of the audit.

• Technological innovation process audit.
• Innovative comparison audit.
• Technological position audit