Information Systems and Processing Controls Assignment

Information Systems and Processing Controls - Assignment ExampleMoreover, they provide balances and checks that are only spotted on calculation errors in the business books, and the also the inappropriate entry of items. According to Tyler (2013) found out that audit software aided the auditor in generating models and simulations that are of help to study the financial approach of the business, and how it whoremaster be restructured. In addition, the auditor can also use the model to judge the potential risk that is posed by the current system.The computer-assisted audits lead to increase accuracy of the audit results by reducing the overall time spent on transactions. It also lessens disruption to business activities by reducing the amount of bread and butter you need to retrieve, thereby saving your time and money.Tyler (2013) asserted that the program audit performed a wide variety of tasks like recalling calculated interest from invoices analytical procedures scrutiny the con figuration of the operating system re-performing the calculations that constitute been done by the accounting systems entity. Subsequent advantages are there are long-term economies, it reads the actual records, deals with large volumes of transactions.The schedules and reports that have been generated by the computer are more objective and professional thus enhancing communication of data. According to Wavomba (2010) reported that the organization gains assurance regarding the accuracy of the transactional data and the termination to which the business transactions adhere to controls and comply with policies. The consisted use of the automated transaction analysis and continuous monitoring enables real-time independent testing and validation of scathing data. To sum up, it improves management of auditing procedures.Integrated test facility package is a quality control responsibility that utilizes, monitors, and controls the dummy test data through actual programs and checks the existence and adequacy ofprogram data entry controls and processing controls (Koch, 2009).