Page 9 - PowerPoint Presentation
P. 9
GENERAL PRINCILES OF AUDITING
Components of Internal Control (Continued…)
Information Systems
• Overriding principle is that the information system
should produce information that is VALID, ACCURATE
AND COMPLETE.
• Procedures and processes dealing with transaction flow
from initiation to the end (generally AFS or other
reports)
• Documents used and their designs
• Processes around capturing events that are out of the
“normal” such as year end journal entries.
CharterQuest 9
