CMA - OIR Part 1 Section D - Internal Controls, Topic 3 - Systems Controls and Security Measures
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Created by:
Regs20 on August 9, 2011
Subjects:
management-accounting, internal-audit
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13 terms
Terms | Definitions |
|---|---|
 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. |
| Application Controls | 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) | It includes: - Statement of Objectives - Systems investigation and feasibility study |
| Project Initiation (SDLC) | It includes: - Systems analysis - Systems design - Systems implementation - Systems evaluation and maintenance |
| Hot SIte | 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. |
| Warm Site | a back up site that has hardware and software available and can be made operational within a short timeframe. |
| Cold Site | A location where the company can install equipment and personnel on fairly short notice and begin operations using back up files. |
| Input Controls | It provides a system of checks and balances over the input of data or transactions into the system |
| Processing Controls | Controls to address the system's manipulation of the data after it is input. |
| Output Controls | Controls for validating processing results and controls regulating distribution of output, printed or electronic. |
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