Is the following a potential control weakness?  Most data input in Marco Inc. is backed up by paper trails of source documents and other business papers. In addition, the firm uses an Internet service to back up all files on the Internet. Marco manually runs a backup at the end of each day. They have no other Internet presence other than an informational Website that does not allow potential customers to order merchandise. Briefly explain the potential mistatement and recommended correction.

Accounting Information Systems
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ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter16: Auditing It Controls Part Iii: Systems Development, Program Changes, And Application Auditing
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Problem 5MCQ: Which of the following statements is NOT correct? a. EAMs capture transactions during processing...
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Is the following a potential control weakness? 

Most data input in Marco Inc. is backed up by paper trails of source documents and other business papers. In addition, the firm uses an Internet service to back up all files on the Internet. Marco manually runs a backup at the end of each day. They have no other Internet presence other than an informational Website that does not allow potential customers to order merchandise.

Briefly explain the potential mistatement and recommended correction.

 

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