RSM427H1 Lecture Notes - Lecture 7: Job Scheduler, Test Strategy, Business Process
Document Summary
Objectives: all/only approved transactions are accepted by the system and processed, all rejected transactions are reported, corrected and re-input, all accepted transactions are processed only once, all transactions are accurately processed, all transactions are completely processed. Controls: control totals, programmed balancing (journal entries, segregation of duties, restricted access, file labels (paid vs. unpaid, exception reports, error logs, reasonableness tests, concurrent update control. Categories of processing controls: manual cross-checks (follow ups on exception reports, processing logic checks (sequence/reasonableness, batch totals, run-to-run controls, file and program checks, accounting for transaction numbering, monitoring of failed jobs, securing job scheduler. How to test processing controls: test data, review of system documentation, review of audit trail, computer assisted audit techniques (caat) Objectives: assurance that the results of input and processing are output, output is available only to authorized personnel. How to test output controls: observation, review access controls, review of system documentation, ask users, ex.
