AUDIT IN COMPUTER INFORMATION SYSTEM ENVIRONMENT

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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  of technology & implication for auditing  ?

Group 2. - What is the classification of application control ?

Group 3. - What are the types of source document ?

Group 5.- List the advantages using IT system ?

Group 6.- List the disadvantages using IT system ?

Group 7.- What is the implication for auditing about ?

Extra.- Name the general control on CIS ?





Comments

Group 7 said…
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.
January 12, 2020 at 7:50 AM
HOBII said…
Inaccurate or erroneous financial information can cause audit legal implications. Auditors are responsible for making sure that all line items on financial statements.
January 12, 2020 at 4:07 PM
Group 5 said…
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.
January 12, 2020 at 6:07 PM
Group 7 said…
From manual control to electronic environment:
◦
Traditional paperwork
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auditor can see and feel the printed marks evidencing transaction
are carried out online and most mases in ‘ real time’.
◦
Generally looks for the auditor signatures on the paper evidencing the transactions and
electronic.
◦
It processing environment such authority is evidenced by the user of identification codes
and passwords which are all physically invisible.
January 14, 2020 at 8:50 PM
Muhammad Faris Mohammad Fauzee said…
Bank statement. This contains a number of adjustments to a company's book balance of cash on hand that the company should reference to bring its records into alignment with those of the bank.
Cash register tape. This can be used as evidence of cash sales, which supports the recordation of a sale transaction.
Credit card receipt. This can be used as evidence for a disbursement of funds from petty cash.
Lockbox check images. These images support the recordation of cash receipts from customers.
Packing slip. This describes the items shipped to a customer, and so supports the recordation of a sale transaction.
Sales order. This document, when coupled with a bill of lading and/or packing list, can be used to invoice a customer, which in turn generates a sale transaction.
Supplier invoice. This is a source document that supports the issuance of a cash, check, or electronic payment to a supplier. A supplier invoice also supports the recordation of an expense, inventory item, or fixed asset.
Time card. This supports the issuance of a paycheck or electronic payment to an employee. If employee hours are being billed to customers, then it also supports the creation of customer invoices.
By group 3
January 19, 2020 at 5:37 PM
Four Point O said…
Application controls can be classified as (1) input controls, (2) processing controls, and (3) output controls. Input controls check data for accuracy and completeness when they enter the system.
January 21, 2020 at 5:46 PM
Gp six said…
List the disadvantages using IT system

-The use of electronic data processing has resulted in decreased vacancies for job searchers like accountant
- High cost for companies as effective electronic data processing software tends to be expensive
- Additional cost for support and backup systems in the event of power failure
January 21, 2020 at 7:52 PM
One Soulz🔥🤩 said…
This is the new system leads to the changes in the organizational structure and the way data is processed.
A)Organizational structure
B)The way data is processed
February 2, 2020 at 6:41 PM
KGRNAccounting said…
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February 11, 2020 at 11:09 PM
Group 4 said…
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/2019/01/2-series-how-client-internal-control.html

http://mypolyaudit.blogspot.com/2019/01/stay-qowiy-indentify-risks-for.html

http://mypolyaudit.blogspot.com/2019/02/chapter-6-auditing-in-computerised.html
February 23, 2020 at 6:20 PM
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