Page 9 - PowerPoint Presentation
P. 9
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.
9
CharterQuest
