The discussion assignment provides a forum for discussing relevant topics for th

Question

The discussion assignment provides a forum for discussing relevant topics for this week based on the course competencies covered.

For this assignment, make sure you post your initial response to the Discussion Area by Saturday, September 28, 2013.

To support your work, use your course and text readings and also use outside sources. As in all assignments, cite your sources in your work and provide references for the citations in APA format.

Part 1: Accounting Proficiency

Peachtree requires the user to have some knowledge of computers and accounting applications. However, it may not be feasible for every company to have an accountant that is also a computer expert. In this respect, discuss the following questions:

Part 2: Internal Controls

Internal controls and segregation of duties are both practices used by businesses to prevent and control unethical behavior. Use the South University Online Library or the Internet to research how businesses prevent or control unethical behavior. Based on your research and understanding, answer the following questions:

Segregation of duties helps is an important element of internal control. How does this relate to the computerized environment?

Explanation / Answer

Some concepts of control do not change

Objectives

Framework (COSO)*

Internal Environment

Implementation will change

More focus on system (imbedded) controls

Continuous rather than periodic controls

Random v. systematic errors

*COBIT augments existing framework

Computerized Controls

Benefits:  Decrease human error, restrict access, decrease duplication of input, audit trail

Detriments:  Confidentiality, system integrity, completeness, input errors, audit trail

Categories of IC in a computerized environment

General Controls

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