What are control activities for information processing, and what purpose do they serve? How do general and application IT controls differ?
Answer to relevant QuestionsWhat is segregation of duties? How is it useful? How can it be rendered ineffective?What management responsibility is established by Section 302 of SOX?What methods are often used for documenting an accounting system and ICFR? Under what conditions is each method most effective? Is any method required?What controls are most important when a company develops or changes computer software?If the head of the IT department and the CFO have complete access to all aspects of the IT system and the ability to input, change and delete transactions, is this a weakness in ICFR? If so, how important is it? Would this ...
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