Acct Tech Final Study Guide

Caats computer assisted audit techniques used in

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CAATS- Computer-assisted audit techniques used in: -tests of details of transactions and balances -analytical review procedures -compliance tests of IT controls -OS and network vulnerability controls -Application security testing and source code security scans -Penetration testing CAAT Approaches -Auditing Around the computer->Black-box approach -Auditing through the computer->White-box approach Test data technique Parallel simulation Integrated test facility Embedded audit module GAS- Generalized audit software Standard software that has the capability to directly read & access data from various data platforms. Continuous Audit - A performing audit-related activities on a continuous basis
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Chapter 13 Balanced Scorecard- a performance measurement framework that allows managers to measure the firm’s performance from multiple perspectives. Balanced scorecard perspectives Learning and Growth -Addresses firms goals for investments in human, information, and organizational capital Process Perspective -Describes the firm’s objectives for its business processes. Customer perspective -Customer satisfaction focus Financial perspective -Accounting-based performance that is used as a lagging indicator of firm performance Strategy map - A one page map representation of the firm’s strategic priorities and the cause and effect linkages among those strategic priorities. Information capital - Computing hardware - Infrastructure - Applications - Employee abilities Categories of IT - Function IT- those that perform a single function - Network IT- Those that allow people to communicate with other people - Enterprise IT- Those that restructure interactions within the company as well as external partner Enterprise IT capabilities - Transaction automation - Process management automation - Process integration - Customer service - Performance monitoring and decision support The value of IT - The value of IT is usually not within the IT itself but instead in how it supports other processes.
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