What are the objectives of review of management information system (MIS) of an organisation ?
CS Executive · Company Accounts & Auditing Practices · PYQS · June 2016
What are the objectives of review of management information system (MIS) of an organisation ?
Answer & Explanation:
Review Objectives of Management Information Systems are given below: 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 providing 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.
Topics: Management Information System (MIS)
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