QUESTION 2"Internal audit is process improvement and optimisation," says ICAEW member AbigailHarper who sits on ICAEW's internal audit panel. She is an internal audit expert, specialisingin the hospitality industry. "When you are looking at the control around due diligence forsuppliers, you can use artificial intelligence to collect data, such as credit score ratings.Environmental, Social and Governance (ESG) questionnaires and queries around capacity andscalability to support growth plans, but a human can still decide. Thresholds and criteria canbe built within systems that suppliers are automatically approved when met. However, therewill always be instances where you have to discuss the exceptions and make decisions." Thiscan be applied broadly - such as employee hiring scenarios or performing employee andsupplier performance reviews.(Source: https://www.icaew.com)Required:a. Discuss why auditors need to know information technology to support the auditor'sjudgment on the quality of data processed by computer systems.

Information technology audits to determine if IT controls safeguard corporate assets, uphold the…

Answered: QUESTION 2 "Internal audit is process…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Hi can you look over or explain part A please I'm looking at the figures used in A1 and the Quantitative analysis in A2
2
Accountants play an important role within an organization. Without the proper tools and resources, they would not be as efficient or effective in their jobs. Discuss the value that an AIS system brings to an organization. In what ways do accounting information systems enable companies to not only become more productive but also provide the ability to compete with others on a global scale?\\nProvide 2-3 ways in which you have experienced the value of AIS from a professional or personal level.
Auditing the Alignment Between IT and Business Goals Prime Enterprise is a small, but rapidly growing financial company. You were asked as an IT auditor to assess the alignment between IT and Business goals of Prime Enterprise. You have the following findings. What would be your suggestions/ recommendation as an IT auditor for prime Enterprise. Finding : Auditee was requested to provide information which include business goals and objective and IT goal and objectives of Prime Enterprise. However, the information received were limited to a short, bulleted list for business goals and power point slides used in reporting meeting for IT goals. Recommendation ??????????
1. Explain the significance of environmental scanning in deciding the strategies of an organization.2. Michel Porter FIVE FORCES model helps to analyze the industry of the environment. How does this model work?
Please answer multichoice question in photo
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When you're writing a business message, use headings and subheadings to Select one: a. all of the above. b. indicate shifts from one idea to the next. c. capture the attention of your readers. d. reveal how your document is organised. During the revision process, how should you treat the most important ideas in a message? Select one: a. Prioritise ideas based on corporate norms b. Do a second pass at the outline to make sure you hit all the key points c. Use bold and italics generously to highlight important ideas d. Make sure they get the most attention in the document and are in the most prominent positions e. Verify your research Which of these is an important goal when you are evaluating the content of a message? Select one: a. Making sure all ideas get the same amount of space b. Verifying that the message is long enough for corporate guidelines c. Verifying that it's easy to identify sources of information d. Ensuring a good balance of general and specific…
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sibility Mode Print Find The CEO of your company is concerned about cyber security and has asked you to perform a "breach of customer data” risk assessment. Beyond the costs of resolving the technical concerns, a breach of customer data will create potentially several unplanned costs such as: (1) forensic examination; (2) notification of customers and third parties; (3) increased call center costs; (4) public relations costs; (5) legal defense and potential settlements; and, (6) federal or state fines, penalties, and potential required future audits. You worked with the Director of Security to perform the risk assessment and your summary of the risk assessment is the following. The Director of Security believes there is only a 5% chance over the next three years of a breach of customer data. However, if a breach of customer data occurs the 10-50-90 range of impact to the company as measured in net present value is - $100M, -180M, and-250M respectively. The IT organization has suggested…
Which SDLC stage is being performed? Writing operating procedures manuals Developing program and process controls Identifying alternative systems designs Developing a logical model of the systems Identifying external and administrative controls Testing the system Training personnel Evaluating the existing system Analysing the achievement of the systems benefits Modifying and alternating programs Analysing total quality management (TQM) performance measures Conducting a feasibility analysis Aligning AIS development plans with business objectives

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