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Outline
Internal Control Systems
Thesis statement: The accounting system implemented in the company aims to attain smooth
operations and reduce scenarios of fraud and mistakes in the accounting department and the
internal control system. However, based on the current internal control system, there are signs of
weaknesses that would interfere with effective operations of the accounting department.
1. Problem 7: Custom Fabrications Inc. (Stand-Alone PC-Based Accounting System)
a) Data Flow Diagram of the Current System
b) System Flowchart for the current system
c) Internal Control Weaknesses
d) The risks associated with these control weaknesses
2. Case 8: Performance Water Pumps (Centralized System with Distributed Terminals)
a) Data Flow Diagram for the current system
b) System Flow Chart
c) The physical internal control weaknesses in the system
d) The IT Controls to reduce the risks
3. Problem 2: Tight Lines Fishing and Camping Supplies (Networked Computer System
and Manual Procedures)
a) Data Flow Diagram of the Payroll and Fixed Asset System
b) Flowchart Diagram for Payroll and Fixed Asset Systems
c) Uncontrolled risks associated with the control system
d) The Information Technology control systems needed to reduce the discussed risks
4. References
View attached explanation and answer. Let me know if you have any questions.
Outline
Internal Control Systems
Thesis statement: The accounting system implemented in the company aims to attain smooth
operations and reduce scenarios of fraud and mistakes in the accounting department and the
internal control system. However, based on the current internal control system, there are signs of
weaknesses that would interfere with effective operations of the accounting department.
1. Problem 7: Custom Fabrications Inc. (Stand-Alone PC-Based Accounting System)
a) Data Flow Diagram of the Current System
b) System Flowchart for the current system
c) Internal Control Weaknesses
d) The risks associated with these control weaknesses
2. Case 8: Performance Water Pumps (Centralized System with Distributed Terminals)
a) Data Flow Diagram for the current system
b) System Flow Chart
c) The physical internal control weaknesses in the system
d) The IT Controls to reduce the risks
3. Problem 2: Tight Lines Fishing and Camping Supplies (Networked Computer System
and Manual Procedures)
a) Data Flow Diagram of the Payroll and Fixed Asset System
b) Flowchart Diagram for Payroll and Fixed Asset Systems
c) Uncontrolled risks associated with the control system
d) The Information Technology control systems needed to reduce the discussed risks
4. References
Running head: INTERNAL CONTROL SYSTEMS
Internal Control Systems
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INTERNAL CON...
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