For each of the four components of a financial reporting process, discuss how information technology can be

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For each of the four components of a financial reporting process, discuss how information technology can be used to reduce the likelihood or impact of a material misstatement. Also, describe how using information technology could increase the likelihood or impact of a material misstatement without effective automated controls.

a. Source documents and transactions

b. Journals

c. General and subsidiary ledgers

d. Financial statements

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Auditing Assurance And Risk

ISBN: 9780324313185

3rd Edition

Authors: W. Robert Knechel, Steve Salterio, Brian Ballou

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