Management and auditor are concerned about segregation of duties in computer based systems? Why? How to mitigate this concern?

Q: Identify the traditionally segregated duties in noncomplex IT systemsand explain how increases in…

A: In the traditional accounting system, the duties related to the transaction authorization,…

Q: Now consider “segregation of duties.” Determine why it is important in an IT environment. What are…

A: Introduction:- Segregation of Duties is a basic building block of sustainable risk management and…

Q: Are computer ethical issues new problems or just a new twist on old problems?

A: Ethics: Ethics can be defined as a conduct adopted by an individual in making the selection between…

Q: Are computer ethical challenges novel or are they a reimagining of existing themes?

A: Definition: Ethics: Ethics may be described as the behavior a person exhibits while deciding between…

Q: What are the key limitations of an internal control system?

A: Internal Control: A mechanism to maintain the goals of an entity in terms of organizational…

Q: Explain how client internal controls can be improved through the proper installation of IT.

A: Internal controls are defined as the procedures, mechanisms and rules executed through company in…

Q: What are the computer ethical issues regarding equity in access?

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Q: Why is human behavior considered one of the biggest potential threats to operating system integrity?

A: Operating system: The system which provides the basic functioning of a device by interconnecting the…

Q: A CIS environment exists when a computer of any type o. size is involved in processing of an…

A: Answer: CIS is defined as one of information system which is based on computer information system.…

Q: What are the computer ethical issues regarding privacy?

A: Definition: Ethics can be defined as conduct adopted by an individual in making the selection…

Q: Explain how client internal controls can be improved through the proper installation of IT.

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Explain why managers who outsource their IT function may or may not also outsource responsibility…

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Q: ider “control environment.” Why it is important for auditors to understand a client’s control…

A: A controlled environment refers to the term "Internal control environment" which implies that the…

Q: Explain why certain duties that are deemed incompatible in a manual system may be combined in a…

A: Computer-Based Information System: Computer-based information system refers to that arrangement…

Q: What are some enterprise system failures?

A: INTRODUCTION: Although a business might be an enterprise, not all companies are enterprises. An…

Q: Consider “segregation of duties.” Why it is important in an IT environment. What are some advantages…

A: segregation of duties means that no single person should be solely accountable for certain business…

Q: Which of the following is NOT an advantage ofcommercial software?a. Costb. Independencec.…

A: The software market has infiltrated every aspect of a business or service as technology has…

Q: What does auditing around the computer mean versus auditing through the computer? Why is this so…

A: Auditing Around the Computer and Auditing Through the Computer: In auditing around the computer,…

Q: nd

A: Control Environment. The phrases "control environment" and "internal control environment" are…

Q: Management and auditor are concerned about inventory control function in automated system? Why? How…

A: Inventory control function in automated system :                   In automated system, inventory is…

Q: Which of the following statements most likely represents a control consideration for anentity that…

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Q: If management control and strategic planning decisions do not receive a high level of support from…

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Q: Identify instances for which feedback becomes useless in helping to control activities.

A: Definition: Internal Control: Internal control refers to the plan of a company. Implementation of…

Q: Do you agree with the statement, ‘‘The term IT auditor should be considered obsolete because it…

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Q: The increasing use of sophisticated EDP systems has produced significant changes in the accounting…

A: Computerized accounting includes using the computers and accounting software for recording, storing…

Q: ntages of using different man

A: Software is combination of many program that works together to achieve a desired function. These…

Q: Auditors of ERP systemsa. need not be concerned about segregation of duties because these systems…

A: Auditors of Enterprise Resource Planning: The responsibility of an auditor is to gather knowledge…

Q: ERP systems use the best-practices approach in designing their applications, yet goodness of fit is…

A: ERP:   Enterprise Resource Planning is management software that helps in integrating all the…

Q: Which of the following is a disadvantage of distributed data processing? a. End-user involvement in…

A: Distributed data processing is a method of computer networking. In this method, several computers in…

Q: When an ERP implementation fails, who is to blame? Is it the software manufacturer, the client firm,…

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Q: What are the computer ethical issues regarding misuse of computers?

A: Ethics is an internal mechanism of an individual which can be applied to various situations to…

Q: Many companies have part or all of their IT processing done by cloud service providers. Required: a.…

A: A third-party business that provides cloud-based platform, infrastructure, application, or storage…

Q: Why is it risky to allow programmers to create user subschemas and assign access authority to users?…

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Q: Controls over data management systems fall into two categories: access controls and backup controls.…

A: Data Management System: It is a software program that is used to create, modify, retrieve, and…

Q: What are the computer ethical issues regarding artificial intelligence?

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Q: The capability for computers to communicate with physically remote terminals is an important feature…

A: Answer is A

Q: Explain with an example why any computer-based application control cannot function on its own and…

A: Controls are put in place in order to check, detect and control the given situation and to record…

Q: Why is segregation of duties important in an IT environment. What are some advantages of using IT…

A: Segregation of Duties  is a critical component of risk management and internal controls in a…

Q: What are the computer ethical issues regarding the environment?

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Q: Why is it often difficult to obtain competent and meaningful user involvement in the SDLC?

A: System Development Life Cycle (SDLC): System Development Life Cycle (SDLC) is a system development…

Q: Describe the differences between auditing around the computer and auditing through the computer?…

A: Auditing is the process in which the professional called auditor, performs the audit on the client…

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.