how does general control area of systems development and program change impact day-to-day transaction processing?

Q: How do you think that information, such as CSR-related information, could be used to manage an…

A: When a business is contributing a defined percentage of its profits on charitable activities or…

Q: Who should sit on the systems steering committee? What are their typical responsibilities?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: What is data inconsistency? occurs when a system produces correct and consistent data the practice…

A: Solution- Data inconsistency is a situation where there are multiple tables within a database that…

Q: what factor influences the decisions to employ real time data collection with batch updating rather…

A: Transaction process system:   Transaction process system can be defined as a system designed to…

Q: How does concurrency control contribute to financial data integrity?

A: Concurrency Control:   Concurrency control is a system in the database management system that helps…

Q: How does the external analysis affect other components of the strategic management process?

A: Setting objectives, examining the competitive environment, studying the internal organization,…

Q: What information would a batch control record contain?

A:

Q: What are the primary objectives of a batch control?

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Q: how to communicate information and monitor control processes in organizations.

A: Information is required for the entity to carry out internal control obligations in order to…

Q: What is the definition of internal control, and what are thefive components of COSO’s internal…

A:

Q: What control procedures can be used to achieve control over computer operations in an…

A:

Q: List and explain briefly the phases of an internal control evaluation.

A: Internal controls are indeed defined as the measures put in place by a corporation to secure its…

Q: Discuss how the nature of the necessary internal control features is affected by switching from a…

A: Internal Control:- It is the process in which a company puts a check on their employees for each…

Q: What budget and timetable constraints will affect system development?

A: The question is based on the concept of constraints in development and Implementation of system…

Q: What activities are involved in the batch processing system?

A:

Q: _____________________would strengthen organizational control over a large-scale data processing…

A: Large Data Processing : The use of diverse types of big data in a cloud environment  for mash up…

Q: Define and describe what is meant by internal control.

A: Internal control:   Internal control can be defined as a process to ensure achievement of the…

Q: What exposures do data consolidation in a CBIS environment pose?

A:

Q: What factor influences the decision to employ real-time data collection with batch updating rather…

A: Definition: Transaction process system: The transaction process system can be defined as a system…

Q: What are the strengths and weaknesses of a batch system with direct access files?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: Which of the following would strengthen organizational control over a large-scale data processing…

A:

Q: Should system users perform the systems development tasks or should these tasks be left to systems…

A: System Development:  System development is the process by which IT professionals design, program,…

Q: What documents trigger and support batch processing systems?

A: Batch processing system refers to the transaction’s processing in a bunch or group. The interaction…

Q: Why might an auditor use a program flowchart?

A: Flowchart:   Flowchart is representation of procedures concerned with the transactions in the…

Q: Discuss the major control implications of batch systems with real-time data input. What compensating…

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: What are some of the key documents that may be reviewed in a current systems survey?

A: Current System Survey:   Current system survey is conducted to discover the root cause of reported…

Q: What is feedback and how is it useful in an information system?

A: Definition: Accounting information system: The system which helps to gather, store, and process the…

Q: What is the internal auditor’s primary role in the conceptual design of the system?

A: Conceptual Design:   Conceptual design is that structure which provides various conceptual system…

Q: How testing transaction as appropriate in in

A: Internal Control System: An internal controls system includes a group of rules, policies, and…

Q: Discuss the benefits that may be realized in switching from a computerized batch processing system…

A: The Batch systems assemble the transactions into groups called as batches for processing. The Batch…

Q: Discuss both internal and external factors affecting the ITP systems.

A: Internal Factors:1)Internal Social EnvironmentProblems with transfer pricing exist only inside a…

Q: How does accounting participate in the system development life cycle （ SDLC）?

A: System Development Life Cycle: The system development life cycle is a set of series or systematic…

Q: Discuss how the nature of the necessary internal control features is affected by switching from a…

A: For the purpose of an internal control, functions in the manual system are located in physically…

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…