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:

Endorsement

An act of giving one's public approval or support to someone or something, often used in contexts of advertisements or political backing.

Deposit Slip

A document provided by a bank for a depositor to fill out, designed to accompany bank deposits, detailing the items being deposited.

Currency

Any form of money; the name given to the cash we use in our society.

Federal Reserve

The Federal Reserve is the central banking system of the United States, responsible for monetary policy, financial supervision, and the stability of the financial system.