Accounting Control Best Practices
Chapter One
Introduction
Introduction
This book contains hundreds of very specific controls over the basic
processes of a business-order entry, shipping, billing, purchasing, and the
like. These controls are presented in layers, beginning with those needed
for a very basic paper-based system and progressing through computerized
systems and the use of selected best practice enhancements to the computerized
systems. Thus, users can find within these pages a variety of control
systems for different levels of system complexity. As a supplement to the
many controls detailed in later chapters, this chapter contains additional comments
about the overall system of controls, high-risk areas, the segregation
of duties, implied controls, the impact of the Sarbanes-Oxley Act, and the
occasional need to deinstall controls.
Control Point
This book is entirely about the control point, which is an activity within a
business process that will prevent or detect a process breakdown. For example,
the requirement to have a supervisor sign checks is a control point ... read full excerpt from Accounting Control Best Practices ebook
