Provide information whether depending on the integrity of company employees are the most effective means to obtain adequate system security. Describe the procedure the Company need to implement to ensure the integrity of their employees.

Provide information whether depending on the integrity of company employees are the most effective means to obtain adequate system security. Describe the procedure the Company need to implement to ensure the integrity of their employees.

Accounting Information Systems

10th Edition

ISBN:9781337619202

Author:Hall, James A.

Publisher:Hall, James A.

Chapter16: Auditing It Controls Part Iii: Systems Development, Program Changes, And Application Auditing

Section: Chapter Questions

Problem 17P

See similar textbooks

Related questions

Q: Describe the procedures typically performed when conducting an IT audit related to: a. Systems…

A: Audit procedures Audit procedures are those steps that are performed by auditors to get all the…

Q: Describe an internal control that would prevent the acquisition of office equipment that the firm…

A: Internal controls is a mechanism in which it is assured that objectives of the organisation are…

Q: 1. Standards requires auditors obtain an understanding of an organization’s control environment.…

A: Answer: There are various auditing standards that are to be followed by auditors as a part of…

Q: Comment on the effectiveness of this structure.

A: The role of internal audit is to provide independent assurance that an organisation's risk…

Q: ome limitations of internal controls?

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

Q: Internal controls do each of the following except: A. Evaluate performance of employees B.…

A: Internal control is a system designed by the organisation for Accounting and auditing purposes which…

Q: Indicate the COSO component that matches with each of the following internal control activities.…

A: Internal control activities COSO components a. Reporting of control effectiveness Information and…

Q: Which of the following services can be classified as an assurance service? O A. The auditor verifies…

A: Answer: option (A)

Q: The test that involves inquiries and observation of client personnel and routines to determine how…

A: An audit test is a procedure designed from sample taken from a larger population. The idea is to…

Q: How audit programs that need to be made to detect vulnerabilities in the firewall?

A: Auditing for security is very important and requires frequent and strict auditing that covers…

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

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: Indicate the COOO component that matches with each of the following internal control activities.…

A: Internal control is a series of activities based on an organization's standard procedures that aim…

Q: Critically appraise the Internal Audit function of the company. Add information about the internal…

A: Answer:- Internal Audit meaning:- Internal audit helps in the assessment of the company's internal…

Q: internal controls

A: Internal controls are the set of operational policies and procedures implemented in an organization…

Q: Reasonable assurance that the objectives of internal control are achieved depends on the competence…

A: The question is related to Auditing. Resonable assurance means a high level of assurance regarding…

Q: Which of the following elements of internal control includes maintaining records of employees…

Q: What do documentation procedures and independent internal verification procedures have in commor O…

A: Documentation procedures and independent internal verification procedures is part of internal…

Q: What types of controls are in place to protect data (such as company information or customer…

A: There are many controls which can be put to protect the data as these are very confidential and they…

Q: Entity level controls are designed and placed in the operation once auditors determine that Select…

A: Entity levels controls are those internal controls which help in ensuring that the management…

Q: Identify information that auditors are required to communicate to individuals charged with…

A: AU 265 and AS 16 require auditors to communicate all significant internal control deficiencies and…

Q: Operating system security involves policies, procedures, and controls that determine who can access…

A: Test of controls refers to the audit process that test the control effectiveness used through the…

Q: In order to get a knowledge of a client's internal control system, auditors must first identify the…

A: Auditing is a process in which an auditor checks the financial statements and also the accounting…

Q: Auditors seek to understand a client's internal control in order to better serve their clients.

A: This question tells about Auditors seek to understand a client's internal control in order to better…

Q: what is Strategic Systems Auditing and how it apply to the company?

A: Strategic System Auditing While adopting the strategic system auditing procedures which helps to the…

Q: nternal control should be designed to provide reasonable assurance that a. Management’s…

A: Auditing refers to the procedure of evaluating and analyzing the books of accounts prepared and…

Q: Provide relevant examples explaining.

A: Auditing-:Auditing inventory is the procedure of cross-checking financial documents with physical…

Q: As an added measure, a company has set up its network so that computers that currently log in…

A: Accessibility refers to The process of creating products usable by the people with the various…

Q: What do documentation procedures and independent internal verification procedures have in comm O…

A: Internal control are the procedures and policies that ensure the safeguarding of Assets and reduce…

Q: What can be done by a business to mitigate: Execution risk Technology risk Reputation risk…

A: Risk management Risk management is the identification, evaluation, and prioritization of risks…

Q: Auditors get an awareness of a company's internal control systems for a variety of reasons

A: Auditor: The auditor is the one who is believed to be in charge of determining the integrity of the…

Q: What are the three major phases in the audit team’s evaluation of internal control? How does theuse…

A: Following are the three major phases in the audit team's evaluation of the internal control and the…

Q: Is an organization’s internal audit function part of its system of internal controls? If your answer…

A: Internal Audit Internal audit refers to the department set inside a business that monitors the…

Q: Auditors must consider these five components of COSO internal controls when understanding the client…

A: Segregation of duties is not component of COSO internal controls. however, Segregation of duties is…

Q: An organization’s internal audit department is usually considered an effective control mechanism for…

A: Internal Audit: Internal audit is the process by which organization assures the compliance of rules…

Q: Which of the following elements of a system of quality control is related to firms receiving…

A: Independence in Fact: Independence in fact requires that an auditor must not be biased or partial…

Q: What is a service organization? Why would it engage an auditor to report on its controls?

A: A process under which a quality system is inspected, examined, and verified to make sure that it is…

Q: What controls should be employed to avoid breaches into an accountijg information system.

A: An Accounting Information System (AIS) is a system which the businesses are using to recognize,…

Q: Which of the following is not one of the components of COSO’s framework? A. Objective setting which…

A: COSO's Framework: It implies to a framework that includes the division of company's internal…

Q: Describe how the audit team assesses control risk in an IT environment.

A: Control risk in the audit : As the name suggests, it is the risk associated with the…

Question

Provide information whether depending on the integrity of
company employees are the most effective means to obtain
adequate system security. Describe the procedure the Company
need to implement to ensure the integrity of their employees.

Expert Solution

Step 1

Step by step

Solved in 2 steps with 2 images

Knowledge Booster

Frauds in Accounting information system (AIS)

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Operating system security involves policies, procedures, and controls that determine who can access the operating system. User access privileges are assigned to individuals and to entire workgroups authorized to use the system.The way access privileges are assigned influences system security. Priviliges should be carefully administered and closely monitored for compliance with organizational policy. Choose one of the options below, that is not a test of control of the audit objective relating to access privileges. a. Review employee records to determine whether users have formally acknowledged their responsibility to maintain the confidentiality of company data.b. Review the privileges of a selection of user groups and individuals to determine if their access rights are appropriate for their job descriptions and positions.c. The auditor should verify that individuals are granted access to data and programs based on their need to know.d. Review the account lockout policy and procedures…
The IT auditor can MOST (select one) effectively help a company deal with increasing IT-related risk by: a) Alerting management and the Audit Committee of the risks related to IT, and making audit recommendations that are focused on the root cause. b) Performing a weekly review of system-based audit logs to determine if the company has been breached. c) Ensuring that the company has a log-in banner that warns unauthorized users that they may be subject to criminal prosecution and penalties. d) Conducting an audit of the company's network security and pointing out weak firewall configuration settings in the audit report.
The IT Audit Director is responsible for monitoring and approving network-related changes to the company's production network. This is an appropriately designed preventive control. a) True b) False
An internal auditor is examining the effectiveness of procedures management established to protect customer data from cyberattacks and whether those procedures are cost effective. This is an example of an operational audit. Question options: True False
IT auditing provides a means to gain independent and objective assurance that risks related to the use and deployment of IT assets are appropriately managed. These IT-related risks can include [SELECT ALL THAT APPLY]: a) Confidentiality – Sensitive information (e.g., personally identifiable information, intellectual property) is protected from unauthorized access and disclosure. b) Availability – Information is available when required to meet business objectives. c) Compliance – Information complies with those laws, regulations, contractual arrangements to which the business is subject. d) Integrity – Information is accurate and complete as well as valid in accordance with business rules and expectations.
Consider “control environment.” Why it is important for auditors to understand a client’s control environment. What are some limitations of internal controls? Now consider “segregation of duties.” Determine why it is important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?
IT auditing provides a means to gain independent and objective assurance that risks related to the use and deployment of IT assets are appropriately managed. As discussed in week 1, these IT-related risks can include [SELECT ALL THAT APPLY]: a) Confidentiality – Sensitive information (e.g., personally identifiable information, intellectual property) is protected from unauthorized access and disclosure. b) Availability – Information is available when required to meet business objectives. c) Compliance – Information complies with those laws, regulations, contractual arrangements to which the business is subject. d) Integrity – Information is accurate and complete as well as valid in accordance with business rules and expectations.
What types of physical controls are in place to protect company assets (assets include inventory, cash, equipment, etc.)? What types of controls are in place to protect data (such as company information or customer personal information)? Choose one more internal control principle from this module, and explain how the company implements that principle and the purpose?
An IT Auditor is preparing to start an audit of the company's networking infrastructure. In performing the audit, the IT Auditor should: [SELECT ALL THAT APPLY] a) Exercise professional skepticism when evaluating audit evidence such as firewall settings. b) Gain a preliminary understanding of controls in the area to ensure the work is properly planned. c) Obtain sufficient competent evidential matter in order to provide a reasonable basis for the audit opinion. d) Plan and perform the audit with the skill and care of a network engineer.
When planning the audit of internal controls for an issuer, the audit team shoulda. Identify significant accounts, locations, and assertions.b. Conduct a walkthrough of the internal control process.c. Make inquiries of employees regarding the existence of control activities.d. Reperform control activities performed by client employees to determine theireffectiveness.