Internal controls - ITGC basics Exorcise 1 - Identliy the ITCC process that addresses the ITCC process risk Complete the following table, indicating which ITCC process (manage change …

Internal controls ITGCs Part 2: ITGC basics Exercise 3 - Discussion questions Discuss the following questions as a small team. Identify one team member to document the team …

For each identified ITGC riak, Indicate if the risk is an access, change or operations risk and which ITGCs would mitigate the risk. \begin{tabular}{|l|l|l|} \hline \multicolumn{1}{|c|}{ IIGC risk } …

ITGC process risk. ITGCs . 1. Reliance on systems or programs that are inaccurately processing data, processing inaccurate data or both. (Example underlying cause: new IT application …

Question: Complete the following table, indicating which ITGC process (manage change process, manage access process or manage IT operations process) will address the stated risk, using …

Question: Identify at least two ITGCs to mitigate risks associated with the ITGC categories in the ITGC column. Use the same controls for each of the following categories:Access to an …

a An ITGC deficiency is always the results of a broken IT-Dependent control. b An ITGC is irrelevant in financial statements. c ITGC deficiencies must be corrected before testing of …

Question: IT general controls (ITGC) are controls that apply to all systems components, processes, and data for a given organization or information technology (IT) environment. …

Question: Internal controls ITGCs Part 3: Evaluating ITCCs 1. Determine if the ITCC listed is a preventive or a detective and corrective control. 2. For each identified ITGC risk, indicate if the …

(LO 1) Understanding client controls Parsons & Co, LLC, an audit firm, has audited Cascade Motors, a manufacturer of auto parts, for the last two years. Dereck Miller, a first-year auditor, …