Advantages of Database Systems
Eliminates the same data being stored in multiple files, thus reducing
inconsistency in multiple versions of the same data.
With data in one place it is more easily accessed by
Former Grant Thornton Partner, Craig B. Haber was arrested for stealing $4
million in client payments meant for the global accounting firm, Grant Thornton. Haber,
59, was an accountant who worked at Grant Thornton sinc
Findings List for ABC Corporation FY 2012
Finding 1 (1.1.2) While ABC does its best to react to new threats, the company should also
update its Employee Computer Operating and Security Policy once a year, and require all
existing employees to review and r
Data Input- Capture
As a business activity occurs data is collected about:
1. Each activity of interest
2. The resources affected
3. The people who are participating
Paper-based source documents
Data are collected on source documents
E.g., a sales-order f
Sample Midterm Questions
A) basically the same as data.
B) raw facts about transactions.
C) potentially useful facts when processed in a timely manner.
D) data that has been organized and processed so that it's meaningful.
To be effective,
Dear ABC Corporation Management,
After a careful and detailed IT audit of your company, we have found a number of control issues that
should be addressed immediately. Our focus was specifically on logical
Audit Planning Memorandum
The audit memorandum was prepared according to our audit strategy and it is based on
cumulative audit knowledge and experience, as well as important matters which have
been brought to
What is Documentation?
Set of documents and models
Narratives, data flow models, flowcharts
Describe who, what, why, when, and where of systems:
Input, process, storage, output, and controls
Why learn Documentation?
Need to be able to read documentation i
A set of two or more interrelated components interacting to achieve a goal
Occurs when components act in their own interest without regard for
Occurs when components acting in their own interest contribut
To: ABC Corp.
From: IT Audit Staff
Subject: Prepared By Client List Request
In order to reasonably test ABCs IT control environment, the audit team requests the
following documentation. Our main focus will be on Logical Security and Change