CAT / FIA FAU Syllabus C. Internal Control - Application & General IT controls - Notes ^{9 / 9}

Examples are..

• Batch total checks

• Sequence checks

• Arithmetic checks

• Existence checks

• Authorisation checks

Examples include:

• Software system acquisition controls

• Software change and maintenance controls

• Security (password etc) controls

• Backup controls

So a good IT system should have both application and general IT controls

The auditor must be aware of the implications of the IT systems of the entity.

Many transactions may now be automated and the automation must be checked and understood.

Large volumes of transactions can now be performed by IT systems leading to greater focus on how the transactions are generated

ACCA MAPS

This is a little memory technique for remembering the typical controls in a business

• Authorisation

• Computer controls

• Comparison

• Arithmetic

• Maintain control accounts

• Account reconciliations

• Physical controls

• Segregation of duties