NAME: Maria Pamela Ortilla

SUBJECT: ITA 105

STUDENT NUMBER: 12-10877

DATE: November 12, 2015

1. Give at least five reasons why Information Technology Controls

and Audit is important?
It ensures the integrity of information systems (IS) and the
reporting of organization finances to avoid and hopefully

prevent future financial failures.

It ensures that business objectives are met.
Systems hardware and software applications support the

critical business processes of almost every company.

General control concepts can be applied regardless of industry,
business line, or size and complexity of the systems processing

environment.
Without effective General Computing Controls, reliance on IT
systems may not be possible.

2. What

are

regulations

the
that

existing
are

policies,
currently

guidelines,
governing

rules

and

Information

Technology Audit?
The Treasury Board Secretariat (TBS) requires departments and
agencies to carry out periodic internal audits to assess their compliance
with the Government Security Policy (GSP) and the effectiveness of its
implementation. The policy requires departments to actively monitor and
carry out internal audits of their security program. The Management of
Information Technology Security Standard (MITS) defines the baseline
security requirements that federal departments must fulfil to ensure that
the information and information technology assets (e.g., software and
hardware) which they control are secure. This operational security
standard supplements the Government Security Policy.

NAME: Maria Pamela Ortilla

SUBJECT: ITA 105

STUDENT NUMBER: 12-10877

DATE: November 12, 2015

3. Name at least 5 Accounting Information System that is duly

recognized and accepted by the Bureau of Internal Revenues.

SAP- Systems Applications and Products." The original SAP idea

was to provide customers with the ability to interact with a
common corporate database for a comprehensive range of
applications. Gradually, the applications have been assembled
and today many corporations, including IBM and Microsoft, are

using SAP products to run their own businesses.

Quickbooks- Bookkeeping software that combines a variety
of accounting processes into

one user-friendly system.

The software's primary function is

multiple tables, spreadsheets,

to

alleviate

the

use

of

and tracking sheets necessary

to document and maintain accounting tasks at

a company.

Accounting figures are also easily reconciled for tax purposes

with Quickbooks.
Oracle E-Business Suite- Oracle E-Business Suite (EBS) version
12 is an internet enabled product that can be managed from a
single site. A company can operate a single data center with a

single database, similar to other ERP products.

PeopleSoft- a company that provided Human

Resource

Management Systems (HRMS), Financial Management Solutions

(FMS), Supply Chain Management (SCM), Customer Relationship
Management (CRM),
Management (EPM)

andEnterprise
software,

as

well

Performance
as

software

for

manufacturing, and student administration to large corporations,

governments, and organizations.

Cerquit Financial Suite- It is a windows-based Computerized
Accounting System designed to support basic and advanced
accounting

modules

to

simplify

the

accounting

process,

NAME: Maria Pamela Ortilla

SUBJECT: ITA 105

STUDENT NUMBER: 12-10877

DATE: November 12, 2015

centralize financial information, improve employees productivity,

and generate accounting reports on the fly.
4. Identify at least three Computer Assisted Auditing Tools and
compare and contrast its features.

Product Name: Product's name; sometime includes edition if

a certain edition is targeted.

Age analysis: Specifies whether the product supports making

age analysis (stratification by date).

Benford's law: Specifies whether the product supports finding

abnormal distribution of specific digits accordingly to Benford's law.

Calculated field: Specifies whether the product supports

adding extra calculated fields into the table/file. Usually implies using
an expression builder feature to build up expressions for defining the
field calculation.

Drill-down
(Table):
Specifies
whether
the
product
supports drill-down features by zooming in (filtering) on selected rows
in the table.

Drill-down
(Pivot):
Specifies
whether
supports drill-down features through pivot table.

Matching: Specifies whether the product supports finding

matching items for a specific field in a table/file. For example, this
could be used to find duplicate billings of invoices within the sales
ledger.

Matching (Fuzzy): Specifies whether the product supports

finding matching items for a specific field using fuzzy comparison. For
instance, values compared are similar but not exactly the same (e.g.,
using Levenshtein matching).

the

product

NAME: Maria Pamela Ortilla

SUBJECT: ITA 105

STUDENT NUMBER: 12-10877

DATE: November 12, 2015

Sample (Random): Specifies whether the product supports

selecting a random sample of rows from the table/file (population).

Sample (Monetary unit): Specifies whether the product

supports selecting a monetary unit sample of rows from the table/field
(population). This is also known as dollar-unit sampling (when values
are in U.S. currency).

Sequence check (Gap): Specifies whether the product

supports can find (identify) gabs (in sequences) for a specific field. For
example, finding a broken sequence in an invoice number sequence.

Sort field: Specifies whether the product supports sorting

(indexing) by a specific field (column). Sorting helps identifying
blank/empty values or excessive (out-of-band) values.

Sort multiple fields: Specifies whether the product supports

sorting by multiple fields (columns).

Statistics: Specifies whether the product supports calculation

and presentation of various statistics on a specific field (e.g., for a
numeric fields values such as total number of positive numbers, total
number negative numbers, average value (balance), etc.)

Stratification:
Specifies
whether
the
product
supports stratification on number (amount) values in specified
intervals. Splits the population into strata (intervals) and aggregates
(summarizes) values. Can be used to find largest, smallest and
average amount transactions (rows).

Total row: Specifies whether the products supports displaying

a total row for the table/file, e.g. accumulated numerical value.