Name specific line item that might be affected by control

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Reference no: EM132223422

In general, this assignment will help you identify how general IT controls might relate to a specific financial statement item. Consider a control “monthly review of budget vs. actual for overhead expenditures” as you answer this question. See the second page for a bit more information to help you think this through.

1. Name a specific line item that might be affected by this control and identify the financial statement on which it would appear.

2. Assume that a company uses an ERP system developed by a major vendor such as Oracle or SAP. Explain how failing to keep separate development, test, and production systems could negatively impact the effectiveness of this control.

Reference no: EM132223422

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