• Physical restriction of access to computer facilities to specified persons only e.g. file
servers should be maintained in a secure location where access is granted to only
specified persons.
• Controls over computers stored in the user department could be improved by making sure
that vital data on programs are not left running when the computer is left unattended.
• Passwords should be used by all staff when accessing computer facilities.
• Passwords should be changed regularly and access to password data held in a computer
system should be subject to stringent controls. This will ensure that some users do not
gain access to other people’s passwords.
• In granting user rights within the system, there should be appropriate segregation of
duties to ensure that rights granted are not excessive. E.g. a user should not have right
to post data and also make amendments on the same data.
• When designing the user rights, sensitive data and programs should only be accessible
to few individuals. In other cases, some files should be designed as ‘read only’ to avoid
unauthorized amendments.
• Programs and data that do not need to be online should be stored in secure locations.
• A system’s access log to record all attempts to log in the system should be maintained.
This would record name of user, data accessed or entered, time of log in and mode of
access.
• When transmitting data over communication lines, it should be encrypted to make it
difficult for persons with access to communication lines from being able to modify the
contents.
• There should be automatic log off i.e. the disconnection of active data terminal to prevent
viewing of sensitive data on unattended terminals.
Kavungya answered the question on April 15, 2021 at 20:26
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Jayne Co has a significant number of cash transactions and recent non-current asset purchases have been financed by a bank loan. This loan is repayable in equal annual installments for the next five years.
Required:
i. Explain the procedures to obtain a bank report for audit purposes from Jayne Co’s bank
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ii. List the further substantive procedures that should be carried out on the bank balances in Jayne Co’s financial statements.
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Required
a. Consider the reliability of a debtor’s circularization in providing audit evidence and in
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Required:
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claim is scrutinized by Beatrice who is the deputy chief accountant. She verifies that the claims
are supported by the vouchers. She clears any inconsistencies with the salesperson concerned
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Required:
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Walsh Co sells motor vehicle fuel, accessories and spares to retail customers. The company
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Employees work a standard eight hour day. Hours are recorded using a magnetic card system;
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recognizes the magnetic information on the card identifying the employee as being ‘at work’.
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Date posted: April 12, 2019. Answers (1)
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Date posted: April 12, 2019. Answers (1)
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Date posted: April 12, 2019. Answers (1)