COSO identifies two broad groupings of information system controls. What are they?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Application controls General controls COSO identifies two main groups of information control application controls and general controls Application controls are used to make sure the validity completeness and accuracy of different financial transactions Application controls are application specific and used with specific application only The other main group ...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
COSO developed two frameworks: the COSO Internal Control framework 2.0 and the COSO ERM framework. Why did COSO develop the ERM framework? What are the differences between the two frameworks?
-
What are the primary provisions of the 1992 COSO Report? The 2004 COSO Report?
-
What are the two broad objectives for investor-oriented markets? Which of these do you think is more important? Present reasons for your response.
-
Line A: y = 3 0.6x Line B: y = 4 x a. Graph the linear equations and data points. b. Construct tables for x, y, Ëy, e, and e 2 similar to Table 4.4 on page 151. c. Determine which line fits the...
-
Assume that the standard deviation of the number of violent incidents in one hour of children's shows on television is 3.2. An investigator would like to be 99% sure that the true mean number of...
-
Suppose the 2's complement representation of x is (a 32-bit word is used): 11111111111111111111111111101001 What is the value of x? Give your answer in decimal representation. Explain why your method...
-
In addition to the quantitative variable pesticide concentration, the researchers also report whether or not the pesticide was detected in the urine (at standard detection levels). Before the...
-
Consider the problem of constructing (not solving) crossword puzzles:5 fitting words into a rectangular grid. The grid, which is given as part of the problem, specifics which square are blank and...
-
A 15kg block is attached to a spring of force constant 500 N/m and is resting on a frictionless horizontal table. Suddenly it is struck by a 3kg stone traveling horizontally at 8 m/s to the right,...
-
On 1 July 2014, Robert plc acquired 80% of the ordinary share capital of Plant Limited by way of a share exchange. Robert plc issued five of its own ordinary shares for every two ordinary shares...
-
What control framework does the PCAOB recommend?
-
What exposures do data consolidation in a CBIS environment pose?
-
How might a businesss strategy in the domestic and global economy be affected by the onset of recession?
-
If a winter-annual strain of Arabidopsis is grown in a greenhouse and not exposed to cold temperatures, its ability to flower is inhibited. Which gene is responsible for this inhibition?
-
What is the role of reverse transcriptase in the reproductive cycle of HIV and other retroviruses?
-
Explain why viruses are considered nonliving.
-
Lets suppose that a vertebrate organism carries a mutation that causes some cells that normally differentiate into nerve cells to differentiate into muscle cells. A molecular analysis reveals that...
-
Write a double-stranded DNA sequence that is 20 bp long and is palindromic.
-
Compare your equilibrium constant expressions from Problem 14.48(a) and Problem 14.49. (a) Explain how the value of K eq changes for a reaction when you double the reaction (when you multiply it...
-
A consultant is beginning work on three projects. The expected profits from these projects are $50,000, $72,000, and $40,000. The associated standard deviations are $10,000, $12,000, and $9,000....
-
G. Browns sales including VAT were 130,000 in November 2020, then 150,000 in December 2020, and 110,000 during January 2021. Suppose that the rate of VAT was 20% until 31 December 2020 and 22.5% from...
-
Discuss the difference between possibility and probability as related to risk.
-
Discuss how governance, including the tone at the top of the organization and policies and procedures, affect an organizations risk management.
-
Discuss the differences between risk management and risk intelligence.
-
A person works and earns $ 2,535.00 but on a pay stub pays 6.5% to tax. How much money is left over after taxes? Explain
-
I need to borrow $5,000 for a car because it enables me to get a job as a traveling anvil seller. Larry the Loan Shark will loan me the $5,000 at an interest rate of 90%. Principle and interest are...
-
Chani started an investment portfolio 5 years ago Quarterly deposits of $750 into an account earning 3.27% interest, compounded quarterly A 5-year $15,000 investment averaging 7.1% interest,...
Study smarter with the SolutionInn App