Page 9 - PowerPoint Presentation

GENERAL PRINCILES OF AUDITING

Components of Internal Control (Continued…)

Information Systems

• Overriding principle is that information system should

produce information that is VALID, ACCURATE AND

COMPLETE.

• Procedures dealing with transaction flow from initiation

to the end (generally AFS or other reports)

• Documents used and their designs

• Processing around capturing events that are out of the

“normal” such as year end journal entries.

CharterQuest 9