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Unit 6 - Coggle Diagram

- - - - More emphasis on testing computerized controls due to
        
        Increased processing risks
        
        Changed system characteristics
      - May require using Computer-Assisted Audit Techniques (CAATTs).
  - - - Less emphasis on internal processing due to assumed reliability.
      - Focuses on controls around data input, master files, and output.
    - - Challenges: even IT staff may not fully understand the system.
      - Auditors use CAATTs to interrogate client data files and perform tests.
      - Needed when internal processing is critical.
- - - - Risk: Expensive, custom system may not meet needs.
      - Recommendation: Perform feasibility study and cost analysis.
    - - Recommendation: Implement edit checks (mandatory fields, formatting, etc.) for data validity.
      - Risk: Processing errors due to incomplete or incorrect data.