Discuss why IT general controls are considered pervasive. How do IT general controls impact application controls?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (22 reviews)
IT general controls have a pervasive effect on all internal controls For ...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Accounting Information Systems The Crossroads of Accounting & IT
ISBN: 978-0132991322
2nd Edition
Authors: Donna Kay, Ali Ovlia
Question Posted:
Students also viewed these Accounting questions
-
Why do you think perceptions are so pervasive and persistent that women do not work or are uncommitted workers when they do work? Do you know women who are uncommitted workers? Do you know men who...
-
Why is it difficult for the function of application controls to be effective when the design or operation of general controls is not?
-
Discuss the application of a general sales tax. a. Do all states impose a general sales tax? b. Does the Federal government impose a general sales tax?
-
1. An auditor selected a product maintained in the finished goods Warehouse. The auditor counted the product and compare this amount what the amount in the finished goods Perpetual inventory...
-
The expected inflation rate is 5 percent and the actual inflation rate is 7 percent. According to Friedman, is the economy in long-term equilibrium? Explain your answer.
-
At December 31, 2004, the following information was available for Sherrick Hotel: ending inventory $80,000, beginning inventory $60,000, cost of goods sold $280,000, and sales revenue $380,000....
-
When and within what timescales must it be done ?
-
Pixel Graphics is a graphics arts design consulting firm. Marcie Biel, its treasurer and vice president of finance, has prepared a classified balance sheet as of August 31, 2010, the end of its...
-
Required information (The following information applies to the questions displayed below.) Andrea would like to organize SHO as either an LLC (taxed as a sole proprietorship) or a C corporation. In...
-
The Davenport Hotel, Inc., included the following stockholders' equity on its year-end balance sheet at December 31, 2016. Requirements 1. Identify the different issues of stock that the Davenport...
-
Discuss how the Sarbanes-Oxley Act of 2002 affected internal control for publicly traded companies.
-
What are the three objectives of COSOs Internal ControlIntegrated Framework? Why are these important for internal control?
-
Simone Jacobs opened a small tax-preparation service. At the end of its second year of operation, Jacobs Financial Advisors Service had the following trial balance. The following information is also...
-
Jennifer purchased stock at $50 per share with a 75% initial margin requirement and a maintenance margin of 35%. How much equity per share must Jennifer contribute when the stock falls to $15 per...
-
Thinking about your present job and your "inventory"of leadership traits and characteristics, where are your strengths and weaknesses as a leader?Is being a leader desirable? If yes, what motivates...
-
You are facing a complex decision with several courses of possible action and probabilities associated with them. The current decision tree, based on the best possible estimates of probabilities and...
-
1. In what ways has Marriot proven an industry leader in the context of entrepreneurship in the hospitality industry. 2. What are the author's metrics of measuring entrepreneurial activity, and do...
-
Suppose you want to model the relationship between the interest rate, the economic growth rate and the inflation rate. what would be first model to fit explain.
-
When does it make sense for an organization to consider forming an endowment? How would an endowment influence the need for fundraising?
-
When a company has a contract involving multiple performance obligations, how must the company recognize revenue?
-
Identify five defenses to an annulment action.
-
What are the essential elements in decision making, and how does accounting fit into the process?
-
What types of personal decisions have required you to use accounting information?
-
What does the term business mean to you?
-
Sociology
-
I am unsure how to answer question e as there are two variable changes. In each of the following, you are given two options with selected parameters. In each case, assume the risk-free rate is 6% and...
-
On January 1, Interworks paid a contractor to construct a new cell tower at a cost of $850,000. The tower had an estimated useful life of ten years and a salvage value of $100,000. Interworks...
Study smarter with the SolutionInn App