At a Meeting of the Corporate Audit Committee Attended by the General

question 19

Essay

At a meeting of the corporate audit committee attended by the general manager of the products division (Smith)and the internal audit manager (Marks),the following dialogue took place between Smith and Jones (chair of the corporate audit committee):
Jones: Ms.Marks has suggested that the internal audit department conduct an examination of the computer activities of the products division.
Smith: I don't know much about the technicalities of computers,but the division has some of the best computer people in the company.
Jones: Do you know whether the internal controls we have implemented are satisfactory?
Smith: I suppose they are.No one has complained.What's so important about controls anyway,as long as the system works? I don't even know what type of controls we should have for our system.
Jones: Ms.Marks,can you explain the objective of computer controls and provide us with some examples?
Required:
Address Ms.Marks' response to the following points:
a.State the principal objective of achieving control over (1)input,(2)processing,and (3)output.
b.Provide examples of (1)input controls,(2)processing controls,and (3)output controls.

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Definitions:

Power Elite

A term describing a small group of people who hold a disproportionate amount of power, wealth, and privilege in a society, often influencing major decisions and policies.

Power Pyramid

A representation of how power is structured and distributed within an organization or society, typically showing those with the most power at the top.

Structural Marxists

A school of thought in Marxism that focuses on how societal structures, such as the economy, politics, and ideology, maintain and reproduce inequalities and class relations.

State

A nation or territory considered as an organized political community under one government.