ACG4401 – Chapter
ACG4401 10–
Control
Chapter
ACG4401
and10
Accounting
–
Control
Chapter
and
Information
10
Accounting
ControlSystems
and
Information
Accounting
StudySystems
Guide
Information
with
Study
Key
Systems
Guide
Concepts
with
Study
Key
andGuide
Review
Concepts
with
Notes.pdf
Key
and Review
Concepts
Notes.pdf
and Review Notes.pdf
ACG4401 –
Chapter 10 Control
and Accounting
Information
Systems Study
Guide with Key
Concepts and
Review Notes
ACG4401 – Chapter
ACG4401 10–
Control
Chapter
ACG4401
and10
Accounting
Control
– Chapter
and
Information
Accounting
10 Control
Systems
Information
and Accounting
StudySystems
GuideInformation
with
Study
KeyGuide
Concepts
Systems
with Key
and
Study
Review
Concepts
GuideNotes.pdf
with
andKey
Review
Concepts
Notes.pdf
and Review Notes
,ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf
Terms in this set (89)
Threat Any potential adverse occurrence or unwanted event that could injure the AIS or
the organization
Exposure/Impact The potential dollar loss if a particular threat becomes a reality
Likelihood/Risk the probability that a threat will come to pass
Internal Controls the processes and procedures implemented to provide reasonable assurance
that control objectives are met
Preventive controls controls that deter problems before they arise
Detective Controls controls designed to discover control problems that were not prevented
Corrective Controls controls that identify and correct problems as well as correct and recover from
the resulting errors
General controls controls designed to make sure an organization's information system and control
environment is stable and well managed
ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems
, ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf
Application controls controls that prevent, detect, and correct transaction errors and fraud in
application programs
Functions of internal control (3) 1)Preventive controls
2)Detective controls
3)Corrective controls
The 2 categories of internal controls 1)General Controls
2)Application Controls
Four levers of control to help management reconcile the 1)belief system
conflict between creativity and controls 2)boundary system
3)diagnostic control system
4)interactive control system
Belief Sytem describes how a company creates value, helps employees understand
management's vision, communicates company core value, and inspires employees
to live by those values
Boundary System helps employees act ethically by setting boundaries on employee behavior
ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems
ACG4401 10–
Control
Chapter
ACG4401
and10
Accounting
–
Control
Chapter
and
Information
10
Accounting
ControlSystems
and
Information
Accounting
StudySystems
Guide
Information
with
Study
Key
Systems
Guide
Concepts
with
Study
Key
andGuide
Review
Concepts
with
Notes.pdf
Key
and Review
Concepts
Notes.pdf
and Review Notes.pdf
ACG4401 –
Chapter 10 Control
and Accounting
Information
Systems Study
Guide with Key
Concepts and
Review Notes
ACG4401 – Chapter
ACG4401 10–
Control
Chapter
ACG4401
and10
Accounting
Control
– Chapter
and
Information
Accounting
10 Control
Systems
Information
and Accounting
StudySystems
GuideInformation
with
Study
KeyGuide
Concepts
Systems
with Key
and
Study
Review
Concepts
GuideNotes.pdf
with
andKey
Review
Concepts
Notes.pdf
and Review Notes
,ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf
Terms in this set (89)
Threat Any potential adverse occurrence or unwanted event that could injure the AIS or
the organization
Exposure/Impact The potential dollar loss if a particular threat becomes a reality
Likelihood/Risk the probability that a threat will come to pass
Internal Controls the processes and procedures implemented to provide reasonable assurance
that control objectives are met
Preventive controls controls that deter problems before they arise
Detective Controls controls designed to discover control problems that were not prevented
Corrective Controls controls that identify and correct problems as well as correct and recover from
the resulting errors
General controls controls designed to make sure an organization's information system and control
environment is stable and well managed
ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems
, ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf
Application controls controls that prevent, detect, and correct transaction errors and fraud in
application programs
Functions of internal control (3) 1)Preventive controls
2)Detective controls
3)Corrective controls
The 2 categories of internal controls 1)General Controls
2)Application Controls
Four levers of control to help management reconcile the 1)belief system
conflict between creativity and controls 2)boundary system
3)diagnostic control system
4)interactive control system
Belief Sytem describes how a company creates value, helps employees understand
management's vision, communicates company core value, and inspires employees
to live by those values
Boundary System helps employees act ethically by setting boundaries on employee behavior
ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems.pdf ACG4401 - Chapter 10 - Control and Accounting Information Systems
