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Study sets matching "accounting terms information systems control"

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Study sets matching "accounting terms information systems control"

16 terms
Control and Accounting Information Systems
Internal Control
Control Objectives
Control functions
preventive controls
process implemented by the BOD, management, and those under t…
accuracy of financial reporting; compliance with laws and reg…
preventative controls; detective controls; corrective controls
deter problems before they arise
Internal Control
process implemented by the BOD, management, and those under t…
Control Objectives
accuracy of financial reporting; compliance with laws and reg…
66 terms
Control and Accounting Information Systems
Threat
Exposure or impact
Likelihood
Internal Control
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat to an AIS will come to pass.
Controls within a business organization that ensure informati…
Threat
Any potential adverse occurrence or unwanted event that could…
Exposure or impact
The potential dollar loss should a particular threat become a…
41 terms
Accounting Information System- Control and AIS
Internal Controls
Control Objectives for Information and…
5 Element of the COBIT Framework
COSO ERM Framework
process, enacted by an entity's board of directors, managers,…
consolidates control standards from many different different…
1) Meeting Stakeholder Need... 2) Covering the enterprise end-to…
5 integrated components... -Control environment ... -Risk assessmen…
Internal Controls
process, enacted by an entity's board of directors, managers,…
Control Objectives for Information and…
consolidates control standards from many different different…
39 terms
7. Control and Accounting Information Systems
Treat/Event
Exposure/Impact
Likelihood
Internal Controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
Treat/Event
Any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss should a particular threat become a…
70 terms
Chapter 7 - Control and Accounting Information Systems
Threat/Event
Exposure/Impact
Likelihood
Internal Controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular event become a…
The probability that a threat will come to pass
The processes and procedures implemented to provide reasonabl…
Threat/Event
Any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss should a particular event become a…
87 terms
Accounting Information Systems: Chapter 5 - Control and Accounting Information Systems
Threat/Event
Exposure/Impact
Likelihood
Internal Controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass
A process, effected by an entity's board of directors, manage…
Threat/Event
Any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss should a particular threat become a…
37 terms
Accounting Information Systems and Internal Controls
Sarbanes Oxley (SOX)
Public Companies Accounting OVersight…
Auditing Standard 5 (SA5)
Corporate Governance
- requires internal controls assessment
- provides auditing oversight
- encourages auditors to use a risk-based, top down approach…
- a set of processes and policies in managing an organization…
Sarbanes Oxley (SOX)
- requires internal controls assessment
Public Companies Accounting OVersight…
- provides auditing oversight
34 terms
Accounting Information Systems-Ch 7-Control and Accounting Information Systems
Exposure/Impact:
Internal Controls:
3 important IC functions.
What are the two categories of interna…
Potential dollar loss from a threat.
processes for reasonable assurance of control.
1: Preventive Controls-Deter problems before they arise.... 2: D…
1: General Controls-Makes sure control environment is stable…
Exposure/Impact:
Potential dollar loss from a threat.
Internal Controls:
processes for reasonable assurance of control.
26 terms
Accounting Information Systems and Internal Controls
Ethics, internal controls, information…
Ethical principles
Code of ethics
American Institute of Certified Public…
3 closely related areas critical to corporate governance
Derived from cultural values, societal traditions, and person…
Firms often choose to establish a formal expectation
AICPA
Ethics, internal controls, information…
3 closely related areas critical to corporate governance
Ethical principles
Derived from cultural values, societal traditions, and person…
70 terms
Chapter 7- Control and Accounting Information Systems
threat/event
exposure/impact
likelihood
internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
threat/event
Any potential adverse occurrence or unwanted event that could…
exposure/impact
The potential dollar loss should a particular threat become a…
70 terms
Chapter 7-Control And Accounting Information Systems
Threat or Event
Exposure or impact
Likelihood
Internal controls
any potential adverse occurrence or unwanted event that could…
the potential dollar loss should a particular threat become a…
the probability that a threat will come to pass
the processes and procedures implemented to provide reasonabl…
Threat or Event
any potential adverse occurrence or unwanted event that could…
Exposure or impact
the potential dollar loss should a particular threat become a…
25 terms
Chapter 5 Control and Accounting Information Systems
internal control
preventative control
detective control
corrective control
controls within a business organization that ensure informati…
Controls that deter problems before they arise. Effective pre…
controls designed to discover control problems when they arise
procedures that remedy problems that occur
internal control
controls within a business organization that ensure informati…
preventative control
Controls that deter problems before they arise. Effective pre…
69 terms
Ch7: Control & Accounting Information Systems
Threat/Event
Exposure/Impact
Likelihood
Internal Controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss, should be a particular threat beco…
The probability that a threat will come to pass
The processes and procedures implemented to provide reasonabl…
Threat/Event
Any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss, should be a particular threat beco…
14 terms
Chapter 7: Control and Accounting Information Systems
Internal Control
Preventive Control
Detective Control
Corrective Control
a process for assuring achievement of an organization's objec…
are designed to keep errors or irregularities from occurring…
designed to detect errors or irregularities that may have occ…
are designed to correct errors or irregularities that have be…
Internal Control
a process for assuring achievement of an organization's objec…
Preventive Control
are designed to keep errors or irregularities from occurring…
42 terms
ais chapter 7 Control and Accounting Information Systems
Internal Controls
Preventive Controls
corrective controls
general controls
The processes and procedures implemented to provide reasonabl…
controls that deter problems before they arise
controls that identify and correct problems as well as correc…
controls designed to make sure an organization's information…
Internal Controls
The processes and procedures implemented to provide reasonabl…
Preventive Controls
controls that deter problems before they arise
76 terms
Chapter 7 - Control and Accounting Information Systems
threat/event
exposure/impact
likelihood
internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
threat/event
Any potential adverse occurrence or unwanted event that could…
exposure/impact
The potential dollar loss should a particular threat become a…
24 terms
Ch 7 - Control & Accounting Information Systems
Threat
Exposure/Expected Loss
Risk
7 Objectives of Internal Controls
any potential adverse occurrence
potential dollar loss from a threat
probability that the threat will happen
1. Safeguard Assets... 2. Maintain records in sufficient detail…
Threat
any potential adverse occurrence
Exposure/Expected Loss
potential dollar loss from a threat
34 terms
AIS Ch.7 - Control and Accounting Information Systems
internal controls
Internal Control objective
preventive controls
detective controls
the processes and procedures implemented to provide reasonabl…
reliability of finance reporting... compliance with laws and re…
controls that deter problems before they arise
controls designed to discover control problems that were not…
internal controls
the processes and procedures implemented to provide reasonabl…
Internal Control objective
reliability of finance reporting... compliance with laws and re…
76 terms
Chapter 7 Control and Accounting Information Systems
analytical review
application controls
audit committee
authorization
The examination of the relationships between different sets o…
Controls that prevent, detect, and correct transaction errors…
The outside, independent board of director members responsibl…
The process of restricting access of authenticated users to s…
analytical review
The examination of the relationships between different sets o…
application controls
Controls that prevent, detect, and correct transaction errors…
69 terms
Chapter 7 Control and Accounting Information Systems
Threat/event
Exposure/impact
Likelihood
Internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become r…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
Threat/event
Any potential adverse occurrence or unwanted event that could…
Exposure/impact
The potential dollar loss should a particular threat become r…
69 terms
Chapter 7 Control and Accounting Information Systems
Threat/event
Exposure/impact
Likelihood
Internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become r…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
Threat/event
Any potential adverse occurrence or unwanted event that could…
Exposure/impact
The potential dollar loss should a particular threat become r…
37 terms
Chp 7: Control and Accounting Information Systems
Threat or an Event
Exposure or Impact
Likelihood
Internal Controls
Any potential adverse occurrence
potential dollar loss from a threat
The probability that it will happen
The processes implemented to provide reasonable assurance tha…
Threat or an Event
Any potential adverse occurrence
Exposure or Impact
potential dollar loss from a threat
71 terms
Chapter 7: Control and Accounting Information Systems
Threat/Event
Exposure/Impact
Likelihood
Internal Controls
any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass
The processes and procedures implemented to provide reasonabl…
Threat/Event
any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss should a particular threat become a…
21 terms
Chapter 7 Control and Accounting Information Systems
Application Control
Belief System
Boundary System
Committee of Sponsoring Organizations…
Controls that prevent, detect, and correct transaction errors…
A corporate attitude instilled by upper management that commu…
An established system that helps employees act ethically by s…
A private-sector group consisting of the American Accounting…
Application Control
Controls that prevent, detect, and correct transaction errors…
Belief System
A corporate attitude instilled by upper management that commu…
43 terms
Chapter seven Control and Accounting Information systems
Why threats to accounting information…
potential adverce occasion is called t…
potential dollar loss from a threat is…
The probability of a threat happening
1. Multiple access points/employee access, ... 2.Inforamtion on…
threat/event
exppotential dollar loss from a threat is called thisure or i…
likelihood
Why threats to accounting information…
1. Multiple access points/employee access, ... 2.Inforamtion on…
potential adverce occasion is called t…
threat/event
22 terms
Chapter 7 - Control and Accounting Information Systems
Threat
Exposure or Impact
Internal control
Preventative controls
Any potential adverse occurrence that can be harmful to the o…
Any potential dollar loss resulting from a threat.
Controls within a business organization that ensure informati…
Deter problems before they arise. Examples are hiring qualifi…
Threat
Any potential adverse occurrence that can be harmful to the o…
Exposure or Impact
Any potential dollar loss resulting from a threat.
18 terms
Ch7: Control & Accounting Information Systems
Internal Controls
Preventive Controls
Detective Controls
Corrective Controls
The processes and procedures implemented to provide reasonabl…
Controls that deter problems before they arise
Controls designed to discover control problems that were not…
Controls that identify and correct problems as well as correc…
Internal Controls
The processes and procedures implemented to provide reasonabl…
Preventive Controls
Controls that deter problems before they arise
32 terms
Control and Accounting Information Systems (Ch 7)
Threat (event)
Exposure (impact)
Likelihood
Internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
Threat (event)
Any potential adverse occurrence or unwanted event that could…
Exposure (impact)
The potential dollar loss should a particular threat become a…
70 terms
Chapter 7 - Control and Accounting Information Systems
Threat/Event
Exposure/Impact
Likelihood
Internal Controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular event become a…
The probability that a threat will come to pass
The processes and procedures implemented to provide reasonabl…
Threat/Event
Any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss should a particular event become a…
70 terms
Chapter 7: Control and Accounting Information Systems
threat/event
exposure/impact
likelihood
internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
threat/event
Any potential adverse occurrence or unwanted event that could…
exposure/impact
The potential dollar loss should a particular threat become a…
9 terms
ch7 CONTROL AND ACCOUNTING INFORMATION SYSTEMS
Internal control is...
Preventive controls does what?
Detective controls
Corrective controls
- The plan of organization that a business uses to safeguard…
- deter problems before they arise. (best)... ex: rotation of du…
discover problems quickly when they do arise. (mid) ... ex: batc…
remedy problems by identifying cause, correcting errors, and…
Internal control is...
- The plan of organization that a business uses to safeguard…
Preventive controls does what?
- deter problems before they arise. (best)... ex: rotation of du…
70 terms
Control and Accounting Information Systems (chapter 3)
threat/event
exposure/ impact
likelihood
internal controls
any potential adverse occurrence or unwanted event that could…
the potential dollar loss should a particular threat become a…
the probability that a threat will come to pass
the processes and procedures implemented to provide reasonabl…
threat/event
any potential adverse occurrence or unwanted event that could…
exposure/ impact
the potential dollar loss should a particular threat become a…
53 terms
Ch.7 Control and Accounting Information Systems Definitions
threat or event
exposure or impact
likelihood
internal controls
any potential adverse occurrence or unwanted event that could…
the potential dollar loss should a particular threat become a…
the probability that a threat will come to pass
the processes and procedures implemented to provide reasonabl…
threat or event
any potential adverse occurrence or unwanted event that could…
exposure or impact
the potential dollar loss should a particular threat become a…
47 terms
Chapter 7 Control and Accounting Information Systems
threat/event
exposure/impact
likelihood
internal controls
any potential adverse occurrence or unwanted event that could…
the potential dollar loss should a particular threat become a…
the probability that a threat will come to pass
the processes and procedures implemented to provide reasonabl…
threat/event
any potential adverse occurrence or unwanted event that could…
exposure/impact
the potential dollar loss should a particular threat become a…
22 terms
Chapter 7 - Control and Accounting Information Systems
Threat
Exposure or Impact
Internal control
Preventative controls
Any potential adverse occurrence that can be harmful to the o…
Any potential dollar loss resulting from a threat.
Controls within a business organization that ensure informati…
Deter problems before they arise. Examples are hiring qualifi…
Threat
Any potential adverse occurrence that can be harmful to the o…
Exposure or Impact
Any potential dollar loss resulting from a threat.
70 terms
Chapter 7 Control and Accounting Information Systems
threat/event
exposure/impact
likelihood
internal controls
any potential adverse occurrence or unwanted event that could…
the potential dollar loss should a particular threat become a…
the probability that a threat will come to pass
the processes and procedures implemented to provide reasonabl…
threat/event
any potential adverse occurrence or unwanted event that could…
exposure/impact
the potential dollar loss should a particular threat become a…
20 terms
Chapter 7: Control and Accounting Information Systems
A control procedure designed so that t…
Duplicate checking of calculations is…
Which type of control is associated wi…
Which type of control prevents, detect…
Preventive control
detective; corrective
General
Application
A control procedure designed so that t…
Preventive control
Duplicate checking of calculations is…
detective; corrective
36 terms
Chapter 7: Control and Accounting Information Systems
Internal Controls
3 Types of Controls
Preventative Controls
Detective controls
Process and procedures implemented to provide reasonable assu…
1. Preventative... 2. Detective... 3. Corrective
Controls that deter problems before they arise
Controls designed to discover control problems that were not…
Internal Controls
Process and procedures implemented to provide reasonable assu…
3 Types of Controls
1. Preventative... 2. Detective... 3. Corrective
64 terms
Chapter 7: Control and Accounting Information Systems
Why threats to AIS are increasing:
Why have organizations not adequately…
Threat or Event
Exposure or Impact
1) Information is available to an unprecedented number of wor…
1) Some companies view the loss of crucial information as a d…
Any potential adverse occurrence
The potential dollar loss from a threat
Why threats to AIS are increasing:
1) Information is available to an unprecedented number of wor…
Why have organizations not adequately…
1) Some companies view the loss of crucial information as a d…
58 terms
Chapter 7 - Control and Accounting Information Systems
General Controls vs. Application Contr…
Four levers of control for management
FCPA
SOX
(1) General controls are to make sure the organization's cont…
(1) Belief system - sets forth company values and inspires em…
(1) Foreign Corrupt Practices Act... (2) Prevent companies from…
(1) Sarbanes-Oxley Act... (2) Prevent financial statement fraud…
General Controls vs. Application Contr…
(1) General controls are to make sure the organization's cont…
Four levers of control for management
(1) Belief system - sets forth company values and inspires em…
70 terms
AIS Ch 7: Control and Accounting Information Systems
Threat/Event
Exposure/Impact
Likelihood
Internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass.
The processes and procedures implemented to provide reasonabl…
Threat/Event
Any potential adverse occurrence or unwanted event that could…
Exposure/Impact
The potential dollar loss should a particular threat become a…
103 terms
Chapter 7: Control and Accounting Information Systems
Threat
Exposure or impact
Internal Control
Limitations of internal control
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
Controls within a business organization that ensure informati…
collusion; breakdown; judgment; management override
Threat
Any potential adverse occurrence or unwanted event that could…
Exposure or impact
The potential dollar loss should a particular threat become a…
70 terms
Chapter 7: Control and Accounting Information System
Threat or event
Exposure or impact
Likelihood
Internal controls
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat will com…
Probability that a threat will come to pass
Processes and procedures implemented to provide reasonable as…
Threat or event
Any potential adverse occurrence or unwanted event that could…
Exposure or impact
The potential dollar loss should a particular threat will com…
63 terms
Chapter 7 - Control and Accounting Information Systems
What is one reason why AIS threats are…
Which of the following is not one of t…
A control procedure designed so that t…
Movie theater box office - ticket stub…
many companies do not realize that data security is crucial t…
monitoring
preventive control
Some customers presented tickets purchased on a previous day…
What is one reason why AIS threats are…
many companies do not realize that data security is crucial t…
Which of the following is not one of t…
monitoring
68 terms
Ch. 5 - Control and Accounting Information Systems
threat/event
exposure/impact
likelihood
internal control
any potential adverse occurrence or unwanted event that could…
potential dollar loss from a threat
probability that a threat will happen
a process, effected by an entity's board of directors, manage…
threat/event
any potential adverse occurrence or unwanted event that could…
exposure/impact
potential dollar loss from a threat
102 terms
WGU C242 Accounting Information Systems Ch 7: Control and Accounting Information Systems pp 188-209
Organizations have not adequately prot…
threat/event
exposure/impact
likelihood
● Some companies view the loss of crucial information as a di…
Any potential adverse occurrence or unwanted event that could…
The potential dollar loss should a particular threat become a…
The probability that a threat will come to pass.
Organizations have not adequately prot…
● Some companies view the loss of crucial information as a di…
threat/event
Any potential adverse occurrence or unwanted event that could…
42 terms
AIS chapter7 control and accounting information systems
Why are Threats to AIS Increasing?( 为何…
Why Is Control Needed?(为何需要控制)
Threat or an event
the exposure or impact of the threat
1.More than 60% of organizations have experienced a major fai…
Any potential negative occurrence or unwanted event that coul…
Any potential negative occurrence or unwanted event that coul…
The potential dollar loss should a particular threat become a…
Why are Threats to AIS Increasing?( 为何…
1.More than 60% of organizations have experienced a major fai…
Why Is Control Needed?(为何需要控制)
Any potential negative occurrence or unwanted event that coul…
12 terms
Accounting Information Systems Chapter 10 Controls
Preventative Controls
Detective Controls
Corrective Controls
CRIME
EX: Transaction should be authorized
EX: Monthly bank reconciliations
EX: Restoring data from backup files
Control Activities... Risk Assessment... Information & Communicatio…
Preventative Controls
EX: Transaction should be authorized
Detective Controls
EX: Monthly bank reconciliations
54 terms
Ch. 7 Control and Accounting Information Systems
event/threat
Primary Objective of an AIS
exposure/impact
likelihood
any potential adverse occurrence or unwanted event that could…
control the organization so the organization can achieve its…
the potential dollar loss should a particular threat become a…
the probability that a threat will come to pass
event/threat
any potential adverse occurrence or unwanted event that could…
Primary Objective of an AIS
control the organization so the organization can achieve its…
10 terms
Availability Controls- Accounting Information Systems Chapter 10
Availability Controls
Fault tolerance
Data center location and design requir…
Two types of backup procedures
-Backup Procedures... -Business continuity plan... -Patch managemen…
Use of redundant components
-raised floors... -uninterrupted power supply... -fire suppression…
incremental and differential
Availability Controls
-Backup Procedures... -Business continuity plan... -Patch managemen…
Fault tolerance
Use of redundant components
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