week 11 - acc130_Ch6-8_controls_3slides

week 11 - acc130_Ch6-8_controls_3slides - Accounting...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
11/9/2010 1 Accounting Systems: Design and Control Chapter 6: Frameworks & AIS Controls Ms. Pam J. Schmidt PhD Candidate Dept. of Accounting School of Business Administration Key topics in Chapter 6 1. Basic internal control concepts 2. COBIT, COSO, and ERM control frameworks 3. Four types of control objectives 4. Using Frameworks to assess & respond to risk 5. Common control activities Vocabulary in this chapter A threat is any potential adverse occurrence or unwanted event that could injure the AIS or the organization. The exposure or impact of the threat is the potential dollar loss that would occur if the threat becomes a reality. The likelihood is the probability that the threat will occur.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon