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It Controls for Reporting

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IT Controls for Reporting
Internal Control Systems (ACC 544)

Apollo Footwear is largest supplier of shoes in the western United States. Exponential company growth has facilitated the need for tighter information technology internal controls. The Treadway Commission (COSO) defined internal controls in the following way " a process, affected by an entity's board of directors, management and other personnel, designed to provide reasonable assurance regarding the achievement of objectives" (Raval & Ashok, 2007, p.56).

Design IT Controls Apollo Footwear needs software to track what employees are doing when logged into the system. A problem with the current system is the inability to track employees who are logged into the system and what they are doing with the data that is being retrieved. The current system does not provide adequate restrictions to data access. In addition the need to predictive software that can see patterns is a critical step toward recognizing fraud, and finding errors, and damaged data in the system. This is critical due that errors and damaged financial data can create problems for financial reports. Further processes and management of procedures to control workflow is essential. Reporting Options

Reporting options is the method that auditors use to convey the information obtained through the collection of evidence and findings through the testing of control procedures. (Louwers, Ramsay, Sinason, & Strawser, 2007, p. 432). One reporting option that is used for Apollo Footwear for information controls is data mining. This tool will allow Apollo Footwear to see who is accessing financial data, and to discover financial data patterns. This will allow the company to detect fraud, errors in the system, and damaged data (Oracle, n.d.). Additional reporting options for Apollo...

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