When Gaining an Understanding of Their Clients,auditors Consider the Particular

question 13

Essay

When gaining an understanding of their clients,auditors consider the particular information technology risks faced by their clients.Explain the particular risks associated with information technology and discuss the main controls that companies can have in place to mitigate these risks.

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Definitions:

Corporation

A legal entity that is separate and distinct from its owners, providing them with limited liability protection.

Business Conducting

The practices, strategies, and ethical standards employed by a company in its daily operations and decision-making processes.

Advantages

Positive aspects or benefits that contribute to superior performance or competitive edge.

Corporate Form

A legal entity structure for businesses that is separate from its owners, offering limited liability and the ability to raise capital through stock.