the role of information technology and how it affects internal audit process in banking industry. The study will also stresses on how IT affects internal control (control environment‚ risk assessment‚ control activities‚ information and communication and monitoring) and provides guidelines and best practices in evaluating techniques available to effectively perform auditing tasks internally. It will addresses how technology‚ Information system (IS) and electronic data processing (EDP) have changed
Premium Internal control Auditing Internal audit
Systems techniques are tools used in the analysis‚ design‚ and documentation of system and subsystem relationships. They are largely graphical (pictorial) in nature. Systems techniques are used by accountants who do systems work. Documentation includes the following types of tools: Narratives (written descriptions) Flowcharts Diagrams Other written material For this subject‚ we only need to discuss two (2) of the most common documentation tools: Data flow diagrams Graphical descriptions
Premium Data flow diagram
This paper is to examine the key potential drivers within the present internal environment. Several models would be applied to support the answer and they are Stakeholder Power/Interest Matrix‚ Cultural Web‚ Resource audit‚ Value Chain‚ and threshold and core competences. With using Ryanair as an industrial example‚ this essay would talk about how important strengths and weaknesses are to be used in designing strategy. Ryanair was founded in 1985 by Tony Ryan who already died in 2007. It was originally
Premium Management Strategic management Organization
Internal Controls Paper FIN/324 University of Phoenix November 2‚ 2005 Internal Controls Paper When it comes to the internal controls of firms and enterprises‚ executives are constantly keeping a close look on the accuracy and effectiveness of these controls along with seeking ways to better them. According to COSO (2004) the implementation of internal controls helps guide companies in reaching towards their profitability goals‚ the accomplishment of their mission statement‚ and helps minimize
Premium Internal control
ABSTRACT The Computerized Enrolment System was proposed in replacement of the manual process of enrollment in public high schools for it to have an organized flow of transaction and an ease of work. The study is concerned on how the manual enrolment performs throughout the company’s transaction. The numerous transactions that the manual system covers‚ such as updating and adding student records‚ generating the advising and assessment slips‚ and the like are commending the manual enrolment system to be inefficient
Premium Database management system Computer Database
Internal Control: Management Information System (MIS) The OLUS HOTEL is a 100% Filipino-owned corporation duly registered with the Securities and Exchange Commission since June 2009. It is a three-story building along Quezon Hi-way. Situated at the techno hub district of Quezon‚ its presence has helped spur the current thrust and development of other areas going farther north. This synergistic relationship has given several competitive advantages‚ which are translated into profits for the sustainable
Premium Audit Management information system Hotel manager
Introduction Computerization is a control system that manages processes in industrial workplace. It reduced human errors and processing time‚ thus it can boost productivity and resulted into high quality of product produce. In Information System‚ computerization is concerned about interrelating different but interdependent transactions. This can result in a system with well-integrated processes that can perform much faster and more accurate than a manual system. Enrollment is the process of
Premium Management Marketing Education
technology today plays a vital role in our society. It makes man work easier and fast. It lessens error of work by using machines. It reduces costs to an organization from paper works up to computerized working system. Many manual transactions can be computerized by using software applications or computer systems to make work easier and efficient. Information technology can give a company ready access to improve product and service quality‚ reduce costs‚ increase productivity in smallest time
Premium Microsoft Access Computer Database management system
Internal Control Evaluation Every business should take the steps necessary to ensure that its internal controls are functioning effectively and efficiently. It is important to have accountability at every level of a business. Creating a checklist to evaluate internal controls will support the business in this effort. According to Louwers‚ Ramsay‚ Sinason and Stawser (2007)‚ an internal control questionnaire aide an auditor in gathering evidence about the control environment and accounting and
Premium Internal control Audit Auditing
Prepared For : Mr. Nelson Title: | Computerized Accounting should completely replaces Manual AccountingPrepared By : Ali H. Al-MuslimID#: 200628620Section# : 05SN#: 02Group#:01Word Count:1‚333 | 10/7/2012 10/7/2012 Table of Contents Table of Contents II Introduction 3 I. Manual Accounting 4 A. Benefits 4 1. Cost effective 4 2. Availability 4 B. Limitations 4 1. Finding Errors 4 2. Time Factor 5 II. Computerized Accounting 5 A. Benefits 5 1. Speed 5 2
Premium Accounting software Bookkeeping Computer