WE ARE FROM GROUP 4  Ensure that the company will be able to compete in today’s business world. People are constantly looking for online activities and expect faster delivery from business. IT plays a vital role in producing reliable and timely financial statement and report. Use IT to improve company internal control system. ◦ Addition of new control procedure through computer. ◦ Replacing the manual controls due to the likelihood of possible    human error.   For more information, do watch this video.  auditing computer information system environment 1: https://youtu.be/A80AyqZAQY4    Refer to the slide for more informations. https://bit.ly/2NkiY3N http://mypolyaudit.blogspot.com/2019/02/chapter-6-auditing-in-computerised.html http://mypolyaudit.blogspot.com/2019/01/back-audit-up-risk-on-accounting.html http://mypolyaudit.blogspot.com/2019/02/chapter-6-auditing-in-computerised.html   Questions Group 1. - Discuss about changing information 

 Hi assalamualaikum dan salam sejahtera! Kami daripada group 7 kami akan membentangkan topik 7 AUDIT ISSUES & LEGAL LIABILITIES so stay tuned!  ▶️ Legal liabilities is considered to be one of the most important spheres in the accounting profession as it touches on the effectiveness and realiability of the work performed from the perception of customers and third parties. Understand the nature of Audit issues and legal liabilities. For more information do watch the video above.    ~QUESTIONS~ Group 1 - Define fraud Group 2 - Give the type of fraud Group 3 - Discuss each types of liabilities Group 4 -  Give the definition of legal liabilities Group 5 - What is liability to third party Group 6 - Give the factors that help to minimise the auditor’s liabilities Group 8- Differentiate between fraud and error