Bpp learning Media is an acca approved Content Provider

 
235 
C H A P T E R 
TOPIC LIST 
SYLLABUS 
REFERENCE 
1 Internal 
control 
systems 
C6 (a),(b)
2 Internal control environment and procedures 
C6 (c),(d)
3 Internal audit and internal control 
C2 (e),(f)
4 External 
audit 
C2 (e),(f)
5 IT systems security and safety 
C8 (f)
6 Building controls into an information system and cyber security 
7 Impact of Financial Technology (Fintech) on accounting systems 
C6 (e),(f), C8 (e) 
C8 (a), (b), (c), (d)
Control, security and 
audit
In this chapter we move to the main elements of internal 
control systems that organisations operate (
Section 1
). 
Controls must be linked to organisational objectives and 
the main risks that organisations face (
Section 2
). In 
addition, internal control systems do not just consist of 
the controls themselves but also the control environment 
within which controls operate. 
Internal audit is a key part of the control system of larger 
companies (
Section 3
) and the external audit function 
exists to review controls and report on the financial 
statements (
Section 4
). 
Organisations are becoming increasingly 
reliant on 
computerised information systems
. It is vital therefore to 
ensure these systems are secure – to protect the 
information held on them, to ensure operations run 
smoothly, to prevent theft and to ensure compliance with 
legislation (
Sections 5 and 6
). 
Security and legal issues are likely to crop up regularly in 
the examination. 
BPP Tutor Toolkit Copy

---

PART C: ACCOUNTING AND REPORTING SYSTEMS, CONTROLS AND COMPLIANCE