Accounting Information Systems
10th Edition
ISBN: 9781337619202
Author: Hall, James A.
Publisher: Cengage Learning,
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Chapter 4, Problem 12P
a.
To determine
Explain the control weaknesses represented in the system flowchart.
b.
To determine
Describe the risks linked with the control weaknesses.
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a. Identify the physical control weakness depicted in the flowchart for Problem 2
b. Describe the IT controls that should be in place in this system
Refer to the system flowchart labeled Problem 4.Requireda. Discuss the uncontrolled risks associated with the systems as currently configured. b. Describe the controls that need to be implemented into the system to mitigate the risks in thegiven scenario.
3. Risk registers would normally detail which of the following: (Select all that apply.)
A. Risk level before controls are implemented
B. Risk lével after controls are implemented
C. Responsibility for managing risks
D. The total cost of a control being implemented
Answer:
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Chapter 4 Solutions
Accounting Information Systems
Ch. 4 - Prob. 1RQCh. 4 - Prob. 2RQCh. 4 - What function does the receiving department serve...Ch. 4 - Prob. 4RQCh. 4 - Prob. 5RQCh. 4 - Prob. 6RQCh. 4 - Prob. 7RQCh. 4 - Prob. 8RQCh. 4 - Prob. 9RQCh. 4 - Distinguish between an edit run, a sort run, and...
Ch. 4 - Prob. 11RQCh. 4 - Prob. 12RQCh. 4 - Prob. 13RQCh. 4 - Prob. 14RQCh. 4 - Prob. 15RQCh. 4 - Prob. 16RQCh. 4 - In a manual system, after which event in the sales...Ch. 4 - Prob. 18RQCh. 4 - What document initiates the billing process?Ch. 4 - Prob. 20RQCh. 4 - Prob. 1DQCh. 4 - Prob. 2DQCh. 4 - Prob. 3DQCh. 4 - Prob. 4DQCh. 4 - Prob. 5DQCh. 4 - Prob. 6DQCh. 4 - Prob. 7DQCh. 4 - Prob. 8DQCh. 4 - What financial statement misrepresentations may...Ch. 4 - Prob. 10DQCh. 4 - Prob. 11DQCh. 4 - Prob. 12DQCh. 4 - Prob. 13DQCh. 4 - Prob. 14DQCh. 4 - Prob. 15DQCh. 4 - How is EDI more than technology? What unique...Ch. 4 - Prob. 17DQCh. 4 - Prob. 1MCQCh. 4 - Prob. 2MCQCh. 4 - Prob. 3MCQCh. 4 - Prob. 4MCQCh. 4 - Prob. 5MCQCh. 4 - Prob. 6MCQCh. 4 - Prob. 7MCQCh. 4 - Prob. 8MCQCh. 4 - Prob. 9MCQCh. 4 - Prob. 10MCQCh. 4 - Prob. 1PCh. 4 - Prob. 2PCh. 4 - Prob. 3PCh. 4 - Prob. 4PCh. 4 - Prob. 5PCh. 4 - Prob. 6PCh. 4 - Prob. 7PCh. 4 - Prob. 8PCh. 4 - Prob. 9PCh. 4 - Prob. 10PCh. 4 - Prob. 11PCh. 4 - Prob. 12PCh. 4 - In 1989, Robert Smith opened a small fruit and...Ch. 4 - Posavek is a wholesale supplier of building...Ch. 4 - Prob. 3ICCCh. 4 - (Prepared by Will Richens and Michael Catchpole,...Ch. 4 - Prob. 6ICC
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- Using the flowchart provided below, identify control problems, related risks of the problem and corrective actions to mitigate the risk. Format: Problem Risk Controlarrow_forwardThe control environment is seen as the foundation for all other components of internal control. (T/F)arrow_forwardThe are several techniques for recording the assessment of control risk. One or more of the following may be used depending on the complexity of the system. Briefly explain the ... Narrative notes Questionnaires flowcharts checklistsarrow_forward
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- 1. Describe in detail the main internal control weakness in this situation. Specify what negative result(s) could occur because of the internal control weakness. 2. Describe what you would do to correct the internal control weakness.arrow_forwardWhich of the following exists as an inherent risk even in the best designed systems a. Authorization b. Collusion c. Independent checks d. Detective controlarrow_forwardCategorize each of the following as either an equipment failure control or an unauthorized access control.a. message authenticationb. parity checkc. call-back deviced. echo checke. line errorf. data encryptiong. request-response techniquearrow_forward
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