CHAPTER 2
THEORETICAL FOUNDATION
DThe
record of accountability for assets is compared with the existing assets at
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reasonable
intervals
and
appropriate
action
is
taken
with
respect
to
any
differences.
2.4.3.Types of IC
Romney and Steinbart (2006, p. 192) segregate ICs into two categories:
DGeneral Controls.
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It is designed to make sure an organization’s control environment is stable and
well
managed.
Some
of
the
more
important
general
controls
are
information
systems
management
controls,
security
management controls,
IT
infrastructure
controls, and software acquisition, development, and maintenance controls.
DApplication Controls.
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It prevents, detects, and corrects transaction errors and fraud. It is concerned with
the accuracy, completeness, validity, authorization of the data captured, entered
into the system, processed, stored, transmitted to other systems and reported.
2.4.4.IC on the RC and the EC
Transactions
within
the
RC
and
EC
are
exposed
to
certain
risks.
In
order
to
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counteract such risks exposures, a business must establish a variety of ICs that is
are specifically
assigned to the system
(AIS).
Thus,
there
is
a
protection
exist
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