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