IT Auditing and Application Controls for Small and Mid-Sized by Jason Wood

By Jason Wood

Essential information for the monetary auditor wanting a operating wisdom of IT

If you are a monetary auditor desiring operating wisdom of IT and alertness controls, Automated Auditing monetary functions for Small and Mid-Sized Businesses will give you the assistance you would like. Conceptual overviews of key IT auditing matters are incorporated, in addition to concrete hands-on counsel and methods. inside of, you will discover historical past and counsel with applicable connection with fabric released by way of ISACA, AICPA, equipped to teach the expanding complexity of platforms, beginning with common rules and progressing via higher degrees of functionality.

  • Provides effortless IT information to monetary auditors looking to strengthen caliber and efficacy of software program controls
  • Offers small- and middle-market company auditors appropriate IT coverage
  • Covers appropriate functions, together with MS Excel, Quickbooks, and record writers
  • Written for monetary auditors working towards within the small to midsized enterprise space

The biggest marketplace phase within the usa in volume and scope is the small and center industry company, which remains to be the resource of financial development and enlargement. Uniquely fascinated with the IT wishes of auditors serving the small to medium sized enterprise, Automated Auditing monetary purposes for Small and Mid-Sized Businesses can provide the type of IT insurance you wish on your organization.

Show description

Read Online or Download IT Auditing and Application Controls for Small and Mid-Sized Enterprises: Revenue, Expenditure, Inventory, Payroll, and More PDF

Similar corporate finance books

Public Policy for Venture Capital: A Comparison of the United States and Germany

Enterprise capital is extensively considered as a massive motive force of monetary progress. whereas the us has the biggest and such a lot subtle enterprise capital marketplace on this planet, its German counterpart has just recently started to mature, and various governmental schemes exist that are supposed to aid accelerate the improvement of the German industry.

Building financial models with Microsoft Excel

A finished consultant to construction monetary types construction monetary versions with Microsoft Excel + CD-ROM presents starting or intermediate point computing device clients with step by step directions on development monetary types utilizing Microsoft Excel-the most well liked spreadsheet application to be had. The accompanying CD-ROM includes Excel worksheets that music the process the booklet and make allowance readers to construct their very own monetary types.

Derivatives: A Manager's Guide to the World's Most Powerful Financial Instruments

As a company supervisor or govt, when you have little touch with the particular day by day buying and selling of derivatives contracts. Regardless, your oversight tasks position your profession without delay within the palms of competitive derivatives investors. Do you actually comprehend what they are as much as? DERIVATIVES is the 1st and merely ebook written for the executive who's no longer a derivatives specialist yet is answerable for the specialists.

Entrepreneurship in Finance: Successfully Launching and Managing a Hedge Fund in Asia

Taking into account launching your individual hedge fund? are looking to research extra in regards to the varied steps considering constructing and scaling a hedge fund? are looking to comprehend what are the worldwide most sensible practices to be able to develop your current hedge fund and allure institutional traders? This ebook is the 1st hands-on ebook to set out in concrete and useful phrases a few of the steps and issues essential to effectively release and deal with a hedge fund in Asia, with a specific specialise in Hong Kong and Singapore.

Additional info for IT Auditing and Application Controls for Small and Mid-Sized Enterprises: Revenue, Expenditure, Inventory, Payroll, and More

Example text

KEY CONSIDERATIONS There are several key considerations for application‐level security: ▪ Administrator ID and passwords: This is the super‐user account that has full access to the system and the full functionality of the system. While this access is typically reserved for information technology (IT) personnel, some end users in the finance or accounting organization are given this type of access. Management must secure and restrict who has the keys to the kingdom. In addition, the passwords for administrator accounts should be more robust than typical end‐user accounts, resulting in longer, more complex passwords that are changed more frequently.

Authentication of Users Preventive: A process or procedure in an IT system to ensure that the person accessing the IT system is a valid and authorized user. Passwords Preventive: A secret set of characters that identify the user as the authentic owner of that associated user ID. Significant attributes include (but are not limited to): Two-factor Authentication: Smart Card ▪ Passwords should be at least eight characters in length and contain at least one nonalphanumeric character. ▪ Passwords should be case sensitive and changed at least every 90 days.

Verify adherence to processing control procedures by observing computer and data. Verify that application system output is properly distributed. Reconcile a sample of batch totals; follow up on discrepancies. Trace a sample of data edit routines errors to ensure proper handling. , management approval for accounts receivable write‐offs). , test credit card transactions). , the transaction list by vendor should be reviewed for check detail, purchases by vendor detail, purchases by item detail, open purchase orders, and budget vs.

Download PDF sample

Rated 4.38 of 5 – based on 5 votes