How do "technology general controls" differ from "automated controls"?
Review auditing standards or COSO's Internal Control - Integrated Framework to answer the following questions:
Technology general controls have an over arching effect over all technologies. They provide the
protective layering around individual systems and applications that contain automated controls. They
help ensure the continued proper operation of all technologies. For example, the requirements of a
password to login to the organization's financial reporting system would be an example of an technology
general control. Automated controls represent control activities mostly or wholly performed through
technology. Automated controls differ across individual business processes and applications. Automated
controls tend to be specific to a particular transaction process. For example, the Purchasing Software
may only allow a transaction to be entered if the vendor number matches that a pre-approved vendor
number contained in the Vendor Master File.
You might also like to view...
The inventory data for an item for September are: Sep. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 30 units at $25 17 Sold 20 units 30 Purchased 10 units at $30 Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise inventory of 30 units on September 30?
A) $800 B) $650 C) $750 D) $700
_______________ is a breakdown of communication and/or cooperation between individuals in a group.
A. Social loafing B. Autonomy C. Conversion deficit D. Group infighting E. Ring effect
After compiling employee surveys, Grey has developed team-building exercises and additional training for employees who appear to be experiencing a lack of cohesiveness in his company. Grey is involved in which step of the organizational development model?
a. Diagnosis b. Intervention c. Mediation d. Progress monitoring
An ________ modifies a noun or pronoun
a. adverb b. adjective