Tuesday, May 7, 2019
Information Systems and Processing Controls Assignment
Information Systems and Processing Controls - duty assignment ExampleMoreover, they provide balances and checks that argon only spotted on calculation errors in the business books, and the in like manner the mismatched entry of items. According to Tyler (2013) found out that audit software aided the auditor in generating models and simulations that are of help to study the financial approach of the business, and how it give the gate be restructured. In addition, the auditor can in like manner use the model to judge the potential risk that is posed by the current system.The computer-assisted audits shoot to increased accuracy of the audit results by reducing the overall judgment of conviction spent on transactions. It also lessens disruption to business activities by reducing the amount of documentation you need to retrieve, thereby saving your time and money.Tyler (2013) asserted that the program audit performed a wide variety of tasks like recalling calculated interest from in voices analytical procedures showing the configuration of the operating system re-performing the calculations that have been done by the accounting systems entity. Subsequent advantages are there are long-term economies, it reads the actual records, deals with large volumes of transactions.The schedules and reports that have been generated by the computer are more than objective and professional thus enhancing communication of data. According to Wavomba (2010) reported that the organization gains assurance regarding the accuracy of the transactional data and the extent to which the business transactions adhere to controls and comply with policies. The consisted use of the automated transaction analysis and continuous monitoring enables real-time independent testing and validation of critical data. To sum up, it improves management of auditing procedures.Integrated test facility package is a quality control responsibility that utilizes, monitors, and controls the dummy test data t hrough and through existing programs and checks the existence and adequacy ofprogram data entry controls and processing controls (Koch, 2009).