a. Identify four circumstances that may cause weaknesses in general controls in small computer systems. b. Indicate

Question:

a. Identify four circumstances that may cause weaknesses in general controls in small computer systems.

b. Indicate three areas pertaining to application controls that may require special consideration by the auditor in small computer systems.

c. What approach may be followed in the study and evaluation of internal control in a small computer system?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Modern Auditing

ISBN: 9780471596875

6th Edition

Authors: William C. Boynton, Walter G. Kell

See More Books

Question Posted: May 10, 2024 02:00 AM

See More Questions

Hyten Corporation On June 5, 1998, a meeting was held at Hyten Corporation, between Bill Knapp, Director of Marketing/Sales, and John Rich, director of engineering. The purpose of the meeting was to...
Case Study: Quick Fix Dental Practice Technology requirements Application must be built using Visual Studio 2019 or Visual Studio 2017, professional or enterprise. The community edition is not...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
A person is pulling on a rope attached to a locomotive of mass m = 100 tons (Fig. 1, right). The person is pulling with a constant force F that is 2 times greater than their body weight, at an upward...
What is the energy stored in a small battery if it can move 675 C through a potential difference of 1.20 V?
What should happen if the balance on a Suspense Account is of a material amount? (A) Should be written off to the balance sheet (B) Carry forward the balance to the next period (C) Find the error(s)...
Suppose, instead of being able to pay cash for his MBA, Max must borrow the money. The current borrowing rate is 5.4 per cent. How would this affect his decision? Max Gruber graduated from university...
Distinguish a significant deficiency in internal control from a material weakness in internal control. How will the presence of one significant deficiency affect an auditor's report on internal...
PLEASE DO IT HANDWRITTEN IN A PAPER.WILL THUMBS UP (THANK YOU) :) SOLVE 4,6, and 7 number only no need to do other but do it it a paper handwritten thanks. MBA Assignment The Roasted Chicken House...
a. Describe the types of computer service organizations that may be used by an entity. b. Indicate the effects of service organizations on the auditor's consideration of the ICS.
a. What is generalized audit software? b. Explain how generalized audit software can be used in (1) tests of controls and (2) substantive tests.
Evaluate machine XYZ on the basis of the PW method when the MARR is $12 \%$ per year. Pertinent cost data are as follows: Investment cost Useful life Market value Annual operating cost Overhaul cost...
.1 Exploring Matrix Multiplication The table shows the first two test scores for Anna, Bruce, Chris, and David. Use the table to create a 4x2 matrix M to represent the data. This is Project 2.1 in...
Before tackling the Rosewood case, this initial question tests your ability to compute the CLV metric and then apply it in a simple breakeven analysis. The data below show the results of a Starbucks...
True or False: Secondary analysis involves the firsthand collection of data by the researcher. True False True or False: Research oriented data sets are collected according to stringent measurement...
In the following vignette write out three examples of a MI intervention in response to what the client has shared. Mark is a 19-year-old, male who lives with his parents and younger brother. His...
Photon Technologies, Inc., a manufacturer of batteries for mobile phones, signed a contract with a large electronics manufacturer to produce three models of lithiumion battery packs for a new line of...
Several years ago, 8,000 Amtrak workers agreed not to disrupt service by walking out, at least not until a court hearing was held. Amtrak had asked the courts for a temporary restraining order, and...
Assume a simple Keynesian depression economy with a multiplier of 4 and an initial equilibrium income of $3,000. Saving and investment equal $400, and assume full employment income is $4,000. a. What...
The following transactions were completed by Winklevoss Inc., whose fiscal year is the calendar year: July 1. Issued $3,500,000 of five-year, 6% callable bonds dated July 1, Year 1, at a market...
Describe the cost principle and discuss what happens if an asset like land has an increase in the fair value. How would the company report the land? Describe the fair value principle and for what...
I just need the closing entries and post closing trial balance for this question. 10:58 Henrietta's Pine Bakery Background You are an Analyst for the professional service firm, FINACC LLP. Your firm...

a. Identify four circumstances that may cause weaknesses in general controls in small computer systems. b. Indicate

Question:

Step by Step Answer:

a Four circumstances that may cause weaknesses in general controls in small computer systems include Limited Resources Small organizations may have limited resources to invest in robust IT infrastruct...View the full answer

Modern Auditing

Students also viewed these Business questions