Documentation
These describe the physical flow of documents through an AIS, for example, by providing an overview of where documents are created, sent, reviewed, and stored and what activities they trigger.
What are data flow diagrams?
(a) Planning and investigation, (b) analysis, (c) design and acquisition, and (d) implementation, follow-up, and maintenance.
What are the four stages in systems development?
(a) to safeguard assets, (b) to check the accuracy and reliability of accounting data, (c) the promote operational efficiency, (d) to encourage adherence to prescribed managerial policies.
What are the four objectives of an organization's internal control system?
These help the computer perform input and output tasks?
What is peripheral equipment?
This idea/philosophy focuses on improving flow and reducing waste.
What is "lean" (accounting or manufacturing)?
These describe the electronic flow of data through an AIS, indicates what processing steps and files are used and when, and provides an overview of the entire system.
What are system flowcharts?
This uses a variety of data gathering techniques to understand and document the system.
What is a systems survey?
Daily Double: List the six control activities that should be included in each organization's internal control system.
(1) good audit trail, (2) sound personnel policies and practices, (3) separation of duties, (4) physical protections of assets, (5) reviews of operating performance, (6) timely performance reports
This uses optical, rather than magnetic, readers to interpret the data found on source documents.
What is Optical Character Recognition (OCR)?
As it relates to occupational fraud (think asset misappropriation, corruption, financial statement fraud), 83% represents.....what
What is the percent of occupational fraud cases related to asset misappropriation?
These describe the flow of information through an organization, use only a few symbols, and (to many) are among the easiest to draw and understand.
What are process maps?
Technical, operational, schedule, legal and economic
What are the components of feasibility evaluation?
Scenario planning
What is something managers do, in the form of brainstorming, to identify various scenarios so that preventive controls can be developed?
Authenticates users based on who they are.
What are biometric scanners?
Discovering accounting irregularities, noticing lifestyle changes in an employee, noticing behavioral changes in an employee.
What are ways to recognize employee fraud?
These are sometimes used as an alternative to flowcharts (but more often in conjunction with flowcharts), and they have conditions and actions.
What decision tables?
Outputs
What does a detailed system design start with?
Something that focuses on the execution of IT operations.
What is COBIT?
Primary memory and the microprocessor
What are the two main components of a CPU?
As it relates to occupational fraud, over $1,000,000.
What is the median loss related to financial statement fraud (compare to the median loss of $125K for asset misappropriation)?
To explain how the system works, to train others, to help developers design new systems, to control system development and maintenance costs, to standardize communications among system designers, other personnel and auditors, to provide information to auditors.
What are some of the primary reasons to document an AIS.?
The longest path through a project.
What is the critical path?
2004
What is the year that COSO released the Enterprise Risk Management (ERM) - Integrated Framework?
Enables mobile devices such as cell phones, credit cards, and even hotel keys to communicate with similar items.
What is Near Field Communication (NFC)?
Thinking deeply, acting justly and living wholeheartedly as Christ's agents of renewal
What are the primary elements of the Calvin College mission statement?