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Unformatted text preview: Financial Administration Act which requires that payments be properly authorized
Duplicate, incorrect or unauthorized payments could occur
Increased likelihood of data errors between systems
Auditor must consider likelihood of material incorrect payments 19 Overall assessment of control environment Overall assessment of control environment and impacton audit (2005 AGR) POOR
Control risk will need to be set at maximum
Auditor cannot conduct control testing
Substantive testing must be used to obtain audit assurance
Other: data quality will be poor; unauthorized access to data (privacy violations) is likely
20 Case – Santasgiftworld.com
Case – Santasgiftworld.com This case will show us that controls have multiple purposes: they address busine...
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This document was uploaded on 02/15/2014.
- Winter '13