What concerns does the auditor have over access controls and their impact on data security? What impact

Question:

What concerns does the auditor have over access controls and their impact on data security? What impact would a problem with access controls have on the auditor’s conclusions in an ICFR audit of a company with an extensive IT system? Do you think management could assert that the are accurate and complete if access controls are insufficient? Why?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...