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Question 1(50 marks) Using Principle 11 in CoSO, discuss at least 8 controls with technological significance that can assist as internal controls in an Accounting
Question 1(50 marks) Using Principle 11 in CoSO, discuss at least 8 controls with technological significance that can assist as internal controls in an Accounting Information System. Hint: Describe the principle and its associated focus points, then discuss appropriate governance such as procedures, IT governance, infrastructure, IT general controls and so forth. Question 2 (30 marks) Identify and discuss 6 potential users who are compulsory to participate in the development of an Accounting Information Systems. In your discussion, you must include their relevance, importance and contribution to the project The revenue cycle affects the bottom line of the business critically. Hence, there are many threats that could derail a successful cycle. Describe 5 threats that may hinder this sequence and its compensating controls for each threat
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