1 / 3

3 Controls (Input level)

3 Controls (Input level). Supplier coding level – not auditor’s responsibility Proper COA to all GL accounts, leave an audit trail for sampling and confirmation Confirmation control to input information. 3 Controls (Processing level).

dagmar
Download Presentation

3 Controls (Input level)

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. 3 Controls (Input level) Supplier coding level – not auditor’s responsibility Proper COA to all GL accounts, leave an audit trail for sampling and confirmation Confirmation control to input information

  2. 3 Controls (Processing level) • Data match control before an action take place (e.g. verify supplier information at A/P) • Concurrent update control - requires related qualifications - data dictionary to avoid input error (2500 to 25000) • Data conversion control when chaning GL software

  3. 3 Controls (Output level) • User review of output control wrongful supplier, discount rate and quantity • Reconciliation control to eliminate sundry expense account • External data reconciliation control clean fictitious accounts

More Related