User Account

All Pages

Separation of duties and general control procedures

Assignment Help Accounting Basics
Reference no: EM131625638

Question: Separation of Duties and General Control Procedures. You are engaged to examine the financial statements of Horizon Incorporated, which has its own computer installation. During the preliminary understanding phase of your study of Horizon's internal control, you found that Horizon lacked proper separation of the programming and operating functions. As a result, you intensified the evaluation of the internal control surrounding the computer and concluded that the existing compensating general controls provided reasonable assurance that the objectives of internal control were being met. Required:

a. In a properly functioning IT environment, how is the separation of the programming and operating functions achieved?

b. What are the compensating general controls that you most likely found?

Reference no: EM131625638

Questions Cloud

Explain problem-solving strategy : Analyze the problem scenario that you have chosen, and organize your analysis into sections that correlate to each step in the selected problem-solving strategy
Methods of employee data collection : After reviewing the methods of employee data collection discussed in the readings, discuss 2 methods you would you use to collect data from members.
Does she worry about the political climate in the us : How does he/she go about practicing his/her religion in the U.S.? Is it easy? challenging? unique in any particular way? (200 words)
Develop an effective and efficient solutions : Develop an effective and efficient solution(s) and a course of action (i.e., plan) that addresses the problem or challenge.
Separation of duties and general control procedures : Separation of Duties and General Control Procedures. You are engaged to examine the financial statements of Horizon Incorporated.
Describe and analyze the team and situation : Provide a case analysis of a positive or negative incident or experience on a team that you have been a part of, either as a member or as an interested.
Computer frauds and missing control procedures : Computer Frauds and Missing Control Procedures. The following are brief stories of actual employee thefts and embezzlements perpetrated in an IT environment.
Convey in the brand iconic polo pony logo : What specific information are you trying to convey in the brand's iconic polo pony logo?
Explain the relationship between puritanism and democracy : In the space provided, explain the relationship between Puritanism and democracy. How did Puritan beliefs affect Puritan government?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd