Question: Computerized accounting systems create special control problems for an organization. Common control procedures used by organizations include the following: a. Use of passwords to access

Computerized accounting systems create special control problems for an organization. Common control procedures used by organizations include the following:
a. Use of passwords to access terminals and programs
b. Limits placed on amounts that the computer will accept for various transactions
c. Backing up of data and programs regularly
d. Separation of design from operation of systems

Explain the purpose of each control procedure.

Step by Step Solution

★★★★★

3.52 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Use of passwords to access terminals and programs pre... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

157-B-A-I-S (1010).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Create action queries for Coast Jewelers (after backing up your file) a. Create and run an action query for Coast Jewelers that increases the sales markup 5 percent for all categories. Save this...

Control systems in nonprofit organizations will never be as highly developed as in profit-seeking organizations. Do you agree? Explain.

The Premiere Bank soon will be hooking up computer terminals at each of its branch offices to the computer at its main office using special phone lines with telecommunications devices. The phone line...

I am confusing filling out the 6 tables! please help me to fill them out and also the excel calculation process! ACCY 303 Group Project: Constructive Capitalization of Operating Leases The purpose of...

Auditing case study SOCIETE GENERALE: AN INSTRUCTIONAL CASE FOCUSING ON INTERNATIONAL ACCOUNTING AND AUDITING ISSUES Michael C. Knapp University of Oklahoma Carol A. Knapp University of Oklahoma...

8.The FPP also included internal audit requirements. Do you think it is necessary to have a claims auditor and an internal audit function? To whom should the internal auditor report? What activities...

I have attached both the chapters from which you will be answering the following question. Ch 8 (p 387 of text or p 35 of the pdf) ?Exercise D. Prepare the bank reconciliation and any required...

Exploring Law and Culture by Dorothy H. Bracey Provided in images chapter 3-4 pgs 1. Brief Summary for chapter 3: Typology 2 . Brief Summary for chapter 4: Western law 3. These two chapters basically...

This scenario brings in a number of factors and data challenges that the business analyst must consider when approaching this type of problem. These challenges are included in italics below....

The net assets section of an NFPO's statement of financial position should be divided into three main sections. List the sections, and explain the reasons for each.

2. What do you understand by the term operations management"?

How has the relationship between public accounting firms and their clients changed since SOX became law?

Access the February 20, 2015, filing of the December 31, 2014, 10-K report of The Hershey Company (ticker HSY) at www.SEC.gov and complete the following requirements. Required Compute or identify the...

Assume that James Gorman of Morgan Stanley (MorganStanley.com) has impressed you with the company's success and its commitment to ethical behavior. You learn of a staff opening at Morgan Stanley and...

Identify the dollar amounts of Google's 2012 assets, liabilities, and equity as reported in its statements in Appendix A near the end of the book.

term government bond and the third is a T-bill money market fund that yields a sure rate of 5%. You are considering investing in three different assets. The first is a stock, the second is a long-...

Problem 5 - 2 Present Value and Multiple Cash Flows [ LO 1 ] Investment X offers to pay you $ 5 , 3 0 0 per year for 9 years, whereas Investment Y offers to pay you $ 7 , 2 0 0 per year for 5 years....

You are choosing between these four investments and you want to be 95% certain that you do not lose more than 18.00% on your investment. Which investments could you choose? Which of the following...