Identify Controls 18 points (2 points each) What control or controls would you recommend in a computer processing system to prevent the following situations? A. Working through the main control console‚ the night shift computer operator made a change in a payroll program to alter his rate of pay in his favor. -operator should not have access to program documentation (source code) -use password -console log should be reviewed for unauthorized activity B. A customer payment recorded
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companies’ financial information. Internal control is broadly defined as the procedures and processes used by a company to safeguard its assets‚ process information accurately‚ and ensure compliance with laws and regulations. What is accounting? Accounting is the process of measuring and recording the financial value of the assets and liabilities of a business and monitoring these values as they change with the passage of time. In accounting‚ internal control plays an important role in preventing and
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Procedure for Cost Control | | | Table of Contents 1. Purpose 2. General 3. Responsibilities 4. Procedure 5. Flowchart 6. References 7. Attachments 1. PurposeTo establish a system whereby developments which affect the costs of the project are timely reported‚ thereby allowing for corrective action when adverse trends are detected‚ and to inform about funding requirements for the execution of the project.To establish a procedure to control flow of information which affects
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Infection Control Procedures Section 1 The need to wear disposable gloves and aprons when dealing with blood and bodily waste where possible. Staff should report personal illness and exclude themselves from work if suffering with something infectious (not and excuse to ill inform the setting and take time off as in correctly informing the setting could result in the setting incorrectly informing the parents/carers and Environmental Health where necessary. Staff to have up to date immunisation
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To: Bruce Darling From: Kenneth Neish ACTG 440 Case 2 – Application Controls a) A sales person should not be able to change the selling price of products without management authorization. Each time a product’s price is reduced beyond its sales price the manager should have to physically come up to the register and authorize the transaction. If the company implemented this segregation of duties control the salesperson could not get away with reducing the price of products to increase gross
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Project Administration‚ Procedure No: 1 PROJECT COST CONTROL SECTION 1 - INTRODUCTION General 1. Three distinct tasks are required to achieve effective cost control of a project. These are:a. Planning and Organising the project. b. Recording and Reporting Costs during the execution of the project. c. Taking Corrective action if the cost reports indicate such action is necessary. The greatest control of costs is achieved at the planning and organising stage of any project‚ more so if the design of permanent
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February 2009 pp. 63–76 Assessing Information Technology General Control Risk: An Instructional Case Carolyn Strand Norman‚ Mark D. Payne‚ and Valaria P. Vendrzyk ABSTRACT: Information Technology General Controls (ITGCs)‚ a fundamental category of internal controls‚ provide an overall foundation for reliance on any information produced by a system. Since the relation between ITGCs and the information produced by an organization’s various application programs is indirect‚ understanding how ITGCs interact
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A. Identify internal control principles 1.The first internal control principal is an applied establishment of responsibility. Only one designated person is authorized to handle the tickets. One roll is designated per shift and the manager locks the roll in the cash register. Also designating only one person like a cashier to handle cash and different individuals should be assigned the duties of receiving cash‚ recording cash‚ and custody of cash. 2.The next principal is the segregation of duties
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from the competitors on grounds of quality. Project aimed at compiling a new quality control procedure manual from the existing manuals such as Site manual‚ quality manual‚ safety manual. So that the new manual formed would be in accordance with the international quality standards such as ISO 9001 & OSHAS18001. There were Three parts of the study: 1. Understanding the IPM department Operations for quality control: IPM(integral Plant maintenance) department renders plant maintenance services
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Teacher (Bengali/Hindi/Urdu) in the Kolkata Municipal Corporation Applications are invited in the prescribed form on or before 31st December‚ 2012 (Monday up to 05.00 P.M.) from the Indian citizens (both men and women) for a Competitive Examination to be held in Kolkata for recruitment to the post of Teacher (Bengali/Hindi/Urdu) in the Kolkata Municipal Corporation. Two panels--one main panel against clear vacancies and one supplementary panel against subsequent vacancies will be prepared in
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