Chapter 9 Part 1

Question 1

Provides a structure for understanding, analyzing, and assessing the internal controls of business organizations
-Tools are used for implementing framework
~ one of these tools is the CONTROL MATRIX

Answer 1

Control framework

Question 2

Tool designed TO ASSIST IN ANALYZING THE EFFECTIVENESS OF CONTROLS in a particular business process by MATCHING CONTROL GOALS with their ASSOCIATED CONTROL PLAN

Answer 2

Control matrix

Question 3

a) control goals
b) recommend control plans
c) cell entries
d) explanation of cell entries

Answer 3

Four elements of the control matrix

Question 4

Steps in preparing the control matrix

Answer 4

Step 1. Specify control goals

Step 2. Identify recommended control plans

Question 6

Describe measures of success for the operations process and are unique to an organization
(Step 1)

Answer 6

Effectiveness goals

Identify operations process control goals

Question 7

Relate to ensuring resources used in the business process are being employed in the most productive manner
(Step 1)

Answer 7

Efficiency goals

Identify operations process control goals

Question 8

Relate to protecting entity resources from loss, destruction, disclosure, copying, sale, or other misuse
(Step 1)

Answer 8

Security goods

Identify operations process control goals

Question 9

_____ ______ of the information process relate to ensuring input validity (IV), input completeness (IC), and input accuracy (IA) with respect to all business process data entering the system
(Step 1)

Answer 9

Input goals

Identify information process control goals

Question 10

reduce RESIDUAL RISK to an acceptance level

Answer 10

Step 2

Question 11

Identifies the control strengths and weaknesses of a particular system

Facilitates evaluation from the perspective of
~control effectiveness
~control efficiency
~control redundancy

Answer 11

Completed matrix and annotated systems flowchart

Question 12

Defines ACCEPTABLE FORMAT of each data field. Includes drop-down data lists, automatic cursor move to the next field, mandatory inputs, and auto population of certain fields

Answer 12

Preformatted screens

Question 13

_______ ______ of the information process relate to ensuring the update completeness (UC) and update accuracy (UA) of the business process input data
(Step 1)

Answer 13

Update goals

Identify information process control goals