What are the purposes of the consideration of internal control required by generally accepted auditing standards?
Answer to relevant QuestionsSuggest a number of sources from which you might obtain the information needed to prepare a description of internal control in the audit working papers.An information systems department usually performs numerous IT processing functions that would be separated in a manual system. Does this imply that separation of duties is not a practical means of achieving internal control ...Is it probable that the use of IT will eventually eliminate the audit trail, making it impossible to trace individual transactions from their origin to the summary totals in the financial statements? Explain.For each of the following descriptions, select the computer audit procedure most closely related. Computer audit procedures may be used once, more than once, or not at all.Definitiona. Auditing by manually testing the input ...Compare the responsibilities and objectives of the data control group in an information systems department to those of the internal auditors with respect to IT processing activities.
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