Computer Assisted Audit Tools And Techniques, Data Structures And Auditing The Revenue Cycle

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The third assignment is based on the following topics: Computer-assisted audit tools and techniques, Data structures and CAATT’s for Data extraction, and auditing the revenue cycle. This paper will provide solutions to the problems specified in this third assignment. The solutions can be referenced back to the provided problems from the text Information Technology Auditing & Assurance on pages 325, 384 & 458 respectively. Problem 1 - Processing Controls Presented in the following lines will be the three data control categories, two specific controls and how each of the controls contributes to ensuring that the data is reliable. This problem is divided into three different controls: Input, Processing and Output. Input controls ensure the validity, accuracy and completeness of transactions. (Hall & Singleton, 2011) These controls mainly check the integrity of data entered into a business application. Data input is checked to ensure that it remains within specified parameters. Processing controls provide an automated means to ensuring the processing is complete, accurate and authorized. (Hall & Singleton, 2011). Processing controls can be divided into three categories which are run-to-run controls, operator intervention controls, and Audit Trail controls. Output controls ensure that output from the system is not lost, misdirected, or corrupted and privacy is not violated. (Hall & Singleton, 2011). These controls address what is done with the data and comparisons with the

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