Answered: Outline from your own understanding the…

Outline from your own understanding the roles of the following people in information system audit department: a) The Executive. b) IT Department. c) Your d) User

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor

Section: Chapter Questions

Problem 21CYBK

See similar textbooks

Related questions

Q: Ensuring that all material transactions processed by the information system are valid and in…

A: Internal Controls: Internal controls are the controls established within an organization to check…

Q: List the management reports and computer files that can be used for audit evidence. What information…

A: Audit Evidence: Evidences obtained by auditor after applying various audit procedures to verify…

Q: For an enterprise wide risk management program to be most effective, it should be led by which of…

A: Risk management program An organization's structured procedure for identifying, evaluating, and…

Q: 1. Distinguish between the centralized and distributed approaches to organizing the IT function. 2.…

A: 1.

Q: The most important fundamental component of an entity’s internal control isa. Effectiveness and…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Outline from your own understanding the roles of the following people in audit department: a) The…

A: Following are the roles of stated people in audit department

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: Decribe the role that each of the following areas has in the establishment, maintenance, and…

A: Requirement 1: Describe the role played by the management of a company in the establishment,…

Q: Using your selected objective, create an audit plan of the organization's financial statements that…

A: Audit planning is one of the basic principles for governing an audit.Auditor should plan his work to…

Q: Define and explain auditing. What would you answer if asked by a communications major, “What…

A: Auditing: Auditing is the process by which assertions made by management about financial…

Q: What is the role of the accountant in the SDLC? Why might accountants be called on for input into…

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

Q: Explain the normal process an auditor would expect to find in the client's systems. governing…

A: Audit: It is a systematic examination of books of accounts of an individual or a firm. It is done by…

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: Evaluate the contribution of the internal audit function to the effective running of an…

A: Audit is defined as the evaluation and analysis of the financial statements and information dealt by…

Q: Describe what is generally contained in a service auditor report

A: For the audit of the service organization, the audit procedures performed by the auditors…

Q: Explain the concept and give real life examples of Audit Planning and Business Processes

A: Audit planning is the process wherein the auditor plans when to do the audit , how to do it and what…

Q: The IS audit function as a whole will normally require which of the following skills: а. Data…

A: Audit is the examination and verification of books of accounts and financial information in order to…

Q: Discuss the various options for properly positioning an internal audit function within an…

A: Auditing refers to the process of systematically and physically inspecting and evaluating the…

Q: g? and How it apply to the company?

A: Strategic systems auditing involves the auditing team gaining high-level knowledge of the business,…

Q: Comment on the effectiveness of this organizational structur

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

Q: Define what is meant by an audit trail and explain how it can beaffected by the client’s integration…

A: Audit trails are the manual or electronic records that chronologically catalog events or procedures…

Q: In this section, we will discuss the numerous alternatives for putting an internal audit function…

A: The following are the many alternatives for efficiently placing an internal audit function within a…

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: Audit concerns and implications on risk assessment are two important factors that must be addressed…

A: For the needs of AUS, a CIS atmosphere exists once a computerized Associate in Nursing sort or size…

Q: Distinguish management’s responsibility from the audit committee’s responsibility for designing and…

A: Anti-fraud programs and controls depict the actions taken by the management to prevent and mitigate…

Q: Discuss the various options for properly positioning an internal audit function within an…

A: The following are the various options for effectively positioning an internal audit function within…

Q: Provide relevant examples explaining.

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

Q: Define Institute of Internal Auditors.

A: The Institute of Internal Auditors was established in 1941, the Institute of Internal Auditors…

Q: Auditors are required to document their understanding of internal control. Procedure’s manuals,…

A: Internal Control System It is important for the Auditors to examine the process of the internal…

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: Authorization and Segregation of duties are the part of __________ a. Internal Control system b.…

A: Internal Control System : It provides two types of controls within the entity, they are Preventive…

Q: What are four potential tools available to the auditor for documenting her understanding of an…

Q: Describe the duties of systems analysts, programmers, computer operators, data conversion…

A: Duties of system analysts: The system analysts will examine the necessities for the information,…

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: 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: Which of the following is a device designed to help the audit team obtain evidence about…

A: The auditor needs to identify and analyze the internal control for determining further audit…

Q: Audit concerns and implications on risk assessment are two important factors that must be addressed…

A: A management information system is a method that is used by the business in order to understand the…

Q: what are the skill sets and staffing needs of an internal audit activity? Discuss thoroughly.

A: Internal audit : Internal audit is defined as the audit which evaluates the internal controls of the…

Q: explain why and auditor needs an understanding of the client's industry

A: A person who has the authority to examine financial documents, confirm their accuracy, and make sure…

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

100%

Outline from your own understanding the roles of the following people in information system audit department:

a) The Executive.

b) IT Department.

c) Your

d) User

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

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

Please give answers with own answer on accounting information system 1. Distinguish the roles of internal and external auditors in AIS 2. Distinguish between the centralized and distributed approaches to organizing the IT function.
Define the following accounting terms: 1) Entry - level software 2) Internal control 3) Network - compatible 4) Enterprise resource planning systems 5) Audit trail
Outline from your own understanding the roles of the following people in audit department: a) The Executive. b) IT Department. c) Your d) User
Accountants may be involved in several aspects of database development. In which area below would an accountant least likely have involvement when developing a database system? Select one: a. the internal-level schema b. the external-level schema C. the logical view of data d. the conceptual-level schema
Discuss the importance of the role of data administrator. In the flat-fie environment, why is such a rolenot necessary? What tasks does the DBA perform?
Explain how the management accountant, with the use of computer technology, can provide information that will be useful for the management and control of operational tasks.
Describe the duties of systems analysts, programmers, computer operators, data conversion operators,librarians, and the control group. Which duties should be separated within the computer department?
Question based on Accounting Information System subject 5. What are the levels of data hierarchy ?6. Distinguish the roles of internal and external auditors7. Distinguish between the centralized and distributed approaches to organizing the IT function.
If accountants are viewed as providers of information, then why are they consulted as system users in the systems development process?
1.What are fundamental tasks of data base managment ? 2. What are fundamental objectives of all information system? 3. What are the characteristics of qualified information explain them?
A documentation tool that depicts the physical flow of information relating to a particular transaction through an organization is aa. system flowchart.b. program flowchart.c. decision table.d. work distribution analysis.e. systems survey.
How can internal auditors effectively integrate data analytics to enhance audit processes and address evolving organizational needs?