Question: While evaluating an Internal Control system in an IT environment an auditor should first understand the Control Activities in IT System. Explain with suitable examples

While evaluating an Internal Control system in an IT environment an auditor should first understand the Control Activities in IT System. Explain with suitable examples the different Control Activities in IT System.

Step by Step Solution

★★★★★

3.49 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Answer Introduction The main objective of IT system control are confidentiality availability of data ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

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

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote efficient operations, and urge adherence to company policies. Evaluate...

Q:

An internal control system consists of all policies and procedures used to protect assets, ensure reliable accounting, promote efficient operations, and urge adherence to company policies. 1. What is...

Q:

What is an internal control system narrative, and what is it used for in an audit?

Q:

While evaluating an Internal Control system in an IT environment an auditor should first understand the Control Activities in IT System. Please explain with suitable examples the different Control...

Q:

While evaluating an Internal Control system in an IT environment an auditor should first understand the Control Activities in IT System. Discuss with suitable examples the different Control...

Q:

while evaluating an internal control system, the auditor may discover a personal problem which can lead to a dysfunction in the system. for example, assume that when art heyman. the staff auditor, is...

Q:

while evaluating an internal control system, the auditor may discover a personal problem which can lead to a dysfunction in the system. for example, assume that when art heyman. the staff auditor, is...

Q:

While evaluating an internal control system, the auditor may discover a personal problem that can lead to a dysfunction in the system. For example, assume that when Art Heyman,the staff sitting at...

Q:

Need to change the attached to my own words. Let me know if any questions 1. What is the difference between an information technology general computing control and an automated application control?...

Q:

Need to change the attached to my own words. Let me know if any questions 1. What is the difference between an information technology general computing control and an automated application control?...

Q:

The half-life of Radium-226 is 1590 years. If a sample contains 100 mg, how many mg will remain after 2000 years? mg Give your answer accurate to at least 2 decimal places. Question Help: Video 1...

Q:

1. Describe the role of forensic anthropology in criminal investigations. (5 points) 2. Explain the difference between class and individual characteristics in forensic evidence. Provide examples. (5...

Q:

1. Discuss the importance of bioinformatics in modern biotechnology. Include examples of its applications in the field. (10 points) 2. Evaluate the potential benefits and risks associated with the...

Q:

1. Describe the process of gel electrophoresis and its application in biotechnology. (5 points) 2. Explain how monoclonal antibodies are produced. (5 points) 3. Discuss the ethical considerations...

Q:

What is Larmors formula? Explain with a suitable example.

Q:

Question 1: Discuss the causes and consequences of the Industrial Revolution in Europe. How did it transform European societies and economies? Question 2: (20 marks) Examine the causes, key events,...

Q:

According to the model of constant growth of dividends, if a company announces that it will never pay dividends, its value will be:

Q:

The overall reaction and equilibrium constant value for a hydrogenoxygen fuel cell at 298 K is 2H 2 (g) + O 2 (g) 2H 2 O(l) K = 1.28 10 83 a. Calculate E cell and G 8 at 298 K for the fuel cell...

Q:

In taking a physical inventory at the end of year 2013, Grant Company forgot to count certain units. Explain how this error affects the following: (a) 2013 cost of goods sold, (b) 2013 gross profit,...

Q:

Samsung's balance sheet in Appendix A reports that cash and equivalents increased during the year ended December 31, 2012. Identify the cash generated (or used) by operating activities, by investing...

Q:

Refer to the financial statements of Samsung in Appendix A. What does Samsung title its accounts receivable on its consolidated balance sheet? What are Samsung's accounts receivable at December 31,...

Q:

A lease agreement between Mooney Leasing and Choi Group is described in E21.10. Instructions Refer to the data in E21.10 and do the following for the lessor. (Round all numbers to the nearest yen) a....

Q:

DU Journeys enters into an agreement with Traveler plc to lease a car on December 31, 2018. The following information relates to this agreement. 1. The term of the non-cancelable lease is 3 years...

Q:

The following facts pertain to a non-cancelable lease agreement between Mooney Leasing and Choi Group, a lessee (amounts in thousands). Commencement...