Posted: June 24th, 2022
What are the risks for accounting systems that rely heavily on IT functions.
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Auditors have seen a phenomenal increase in the extent of computer processing among
clients and substantial increases in the capability of computer hardware and software. To such
audit systems auditors have several tasks for the completion of an audit including the
evaluation of internal controls.
Required:
What are the risks for accounting systems that rely heavily on IT functions. (20 marks)
At least 5 points well explained with backup.
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