Financial Accounting information
includes revenues, taxes, debts, and profit and losses.
Data used in business operations
Includes inventory, client lists, schedules, vendors, prices, and costs.
Input, process, and output controls
Types of Controls
Personnel, System Development, Disaster, Network and Facility, and accounting.
System Development Life Cycle (SDLC)
It organizes development in a project definition Phase and a project initiation phase. This organization and documentation of the prcess helps to ensure that appropiate controls are incorporated into the system.
Project Definition (SDLC)
- Statement of Objectives
- Systems investigation and feasibility study
Project Initiation (SDLC)
- Systems analysis
- Systems design
- Systems implementation
- Systems evaluation and maintenance
Often called a duplex system. A location that includes a system configured like the firm's production system. Duplex systems run simultaneously with the regular system and a failure in the main system can trigger an automatic switchover to the backup.
a back up site that has hardware and software available and can be made operational within a short timeframe.
A location where the company can install equipment and personnel on fairly short notice and begin operations using back up files.
It provides a system of checks and balances over the input of data or transactions into the system
Controls to address the system's manipulation of the data after it is input.
Controls for validating processing results and controls regulating distribution of output, printed or electronic.