Out ofbridges in USA,were reporte to be under severe distress. Currently, the bridge deck maintenance in USA is considered as a trillion-dollar proble.
During audit engagement auditor gains understanding regarding the information and communication system of the entity that acts as one of the component of internal control system. However, information system does not only mean the accounting system. It is the system through which entity or to be precise management establishes and communicates within and outside entity.
Information system helps entity to capture business transactions and classify, measure, records and report on timely basis and in this process IT can help us in different ways.
Control activities Control activities are put in place by the management to make financial information authentic and reliable. For example, debtors cannot be written off withouth permission finance director or any other person given authority to write off debts.
Similarly, credit sales cannot be made unless recommendation is sought from credit control department. Such control activities does not necessarily are in the nature of authorization. Requirement to enter password to access certain modules of information system is an example of information system.
All such checks will ensure that information is accurate. Monitoring The last component of an internal control system is monitoring process. It can be considered as an inbuilt service to the internal control system that assesses the effectiveness of internal control system.
Monitoring process is carried out evaluating the current operations of internal control system and separate evaluations that includes routine and non-routine system checks. In light of such information management or those charged with governance take necessary steps to keep the internal control system up to the mark so that risk of material misstatement is dealt appropriately and updates of the system are done as and when necessary.
I really hope that the following three-dimensional figure will aid you in observing how each component of internal control system is connected to the other.WSDL vs SOAP The words SOAP and WSDL are acronyms, with SOAP standing for Simple Object Access Protocol and WSDL being a short form of Web Service Description Language.
WSDL is an XML placed interface descriptive language that explains services that are available in a defined web service. This provides a description. The advantages and disadvantages of information technology are listed here.
Advantages of Information Technology Information technology is a huge advantage to businesses by allowing organizations to be more efficient and to maximize productivity.
Approach adopted in new technology to evade technological gap in the exiting one. State of Art Technologies – International Scenario.
In USA corrosion of concrete bridges is a very serious problem During , the annual cost of corrosion damage to bridge deck and support structures was estimated to be in the range of $ to $ million.
The government of Bangladesh has timely envisaged the reservation of its education system and has justly adjudicated the School Based Assessment (SBA) aspiring learners’ holistic development. 5 Pen PC Technology Seminar and PPT with pdf report: P-ISM is the shortened form of five pen PC technology; P-ISM is a pen style personal networking gadget package.
It is nothing but a new discovery of human beings and this discovery will take the under developing 5 pen PC technology to the next level. When one looks at how technology has changed education over the past decade, one can’t help but be blown away by the sheer number of iPad apps for educators that have absolutely flooded the electronic marketplace.
There are so many iPad apps for teachers released every month that even the most plugged-in educator would have a difficult .