What are the objectives of Management Information system review ?
CS Executive · Company Accounts & Auditing Practices · PYQS · December 2018
What are the objectives of Management Information system review ?
Answer & Explanation:
Objectives of Management Information Systems Review: To determine whether review procedures are necessary to achieve stated objectives. To determine whether MIS policies or practices, processes, objectives, and internal controls are adequate. To evaluate whether MIS applications provide users with timely, accurate, consistent, complete, and relevant information. To assess the types and level of risk associated with MIS and the quality of controls over those risks. To determine whether MIS applications and enhancements to existing systems adequately support corporate goals. To determine whether MIS is being developed in compliance with an approved corporate MIS policy or practice statement. To determine whether management is committed to provide the resources needed to develop the required MIS. To determine if officers are operating according to established guidelines. To evaluate the scope and adequacy of audit activities. To initiate corrective action when policies or practices, processes, objectives, or internal controls are deficient. To determine if any additional work is needed to fulfill the examination strategy of the institution.
Topics: Auditing Practices
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