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    Marjet Cis Quintana
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    Digital payments are gaining popularity in the Philippines as a way to avoid physical contact during the pandemic. As a seller, digital payments allow for fast, convenient transactions but introduce risks like security issues and chargebacks. As a customer, digital payments are convenient but introduce risks like security, privacy, and accuracy of transactions. Common control problems in personal computer environments include lack of access controls, like weak or default passwords, and lack of malware protection. Auditors can integrate cybersecurity controls into a financial audit by assessing their skills and knowledge of client systems during planning, considering how technology is used to process transactions, and evaluating cybersecurity controls as part of testing controls and evidence gathering.

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    Digital payments are gaining popularity in the Philippines as a way to avoid physical contact during the pandemic. As a seller, digital payments allow for fast, convenient transactions but introduce risks like security issues and chargebacks. As a customer, digital payments are convenient but introduce risks like security, privacy, and accuracy of transactions. Common control problems in personal computer environments include lack of access controls, like weak or default passwords, and lack of malware protection. Auditors can integrate cybersecurity controls into a financial audit by assessing their skills and knowledge of client systems during planning, considering how technology is used to process transactions, and evaluating cybersecurity controls as part of testing controls and evidence gathering.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    46 views2 pages

    AUDCISE Unit 1 Worksheets

    Uploaded by

    Marjet Cis Quintana
    Digital payments are gaining popularity in the Philippines as a way to avoid physical contact during the pandemic. As a seller, digital payments allow for fast, convenient transactions but introduce risks like security issues and chargebacks. As a customer, digital payments are convenient but introduce risks like security, privacy, and accuracy of transactions. Common control problems in personal computer environments include lack of access controls, like weak or default passwords, and lack of malware protection. Auditors can integrate cybersecurity controls into a financial audit by assessing their skills and knowledge of client systems during planning, considering how technology is used to process transactions, and evaluating cybersecurity controls as part of testing controls and evidence gathering.

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    © All Rights Reserved
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    of 2

    AUDCISE

    UNIT 1 ACTIVITY
    Auditing in a CIS Environment: An Overview

    Name: ________________________________________________________________________________ Sec. Code: ___________

    I. Crossword puzzle

    Across
    2. Local Area Network
    5. large computer
    6. Small unit of data storage - bits
    8. devices like printer, monitor
    speaker, etc.

    Down
    1. physical components of computer
    3. worldwide network that helps
    connect millions of users
    4. set of instructions that the
    computer follows to accomplish a
    task
    7. the brain of the computer

    II. There is a rising demand for electronic/digital payment in the country. Digital payments are fast
    gaining currency in the Philippines as consumers pay online to avoid physical contact on worries
    over catching coronavirus.

    What do you think are the benefits and risks of using this kind of payment process?

    1. As a SELLER:
    _______________________________________________________________________________________________________
    _______________________________________________________________________________________________________
    _______________________________________________________________________________________________________

    2. As a CUSTOMER:
    _______________________________________________________________________________________________________
    _______________________________________________________________________________________________________
    _______________________________________________________________________________________________________
    _______________________________________________________________________________________________________

    III. List and briefly explain at least two (2) control problems in Personal Computer (end-user)
    environments.

    1. _______________________________________________________________________________________________________

    2. _______________________________________________________________________________________________________

    1
    IV. Describe briefly how to integrate CIS controls in the financial statement audit. Use the financial
    statement audit process as a guide.

    Audit Process Auditor’s Consideration of CIS Controls


    1. Pre-engagement Procedures • Assessing the auditor’s skills and
    knowledge about CIS processes and
    controls (Sample)

    2. Audit Planning (Risk Assessment • e.g. The use of technology by the client in
    Procedures) processing transactions and the
    availability of data need to be considered
    by auditor in developing the overall
    audit strategy. (Sample)

    3. Gathering of Evidences (Test of Controls •


    and Substantive Tests)

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