Application Controls Review

​  Designed to assess the completeness, accuracy and validity of data from individual processes or application systems in use. ​

• Application controls affect the accuracy and integrity of a specific application

• Does the application perform the function as designed?

• Are appropriate controls built into the application?

• Are the controls that are programmed into the application effective and efficient?

• Is the application adequately documented for maintenance and future enhancement?

• Some controls are generic in nature; many applications may use the same exact controls.

• Some controls are specific to the business rules of the application.

• Information Processing Objectives:

• • Ensure that authorized transactions are recorded in a complete and accurate manner (Completeness and Accuracy)

  • Only authorized economic events that actually occurred and relate to the organization are recorded (Validity)

  • Ensure that data is protected from unauthorized amendment once recorded (Restricted Access)