System Integrity and Validation - Kudler Fine Foods

Individual Assignment: System Integrity and Validation - Kudler Fine Foods Over the past few weeks our team has looked into a number of aspects of Kudler Fine Foods and made recommendations as necessary in hopes of updating and replacing existing components of the companies IT systems in hopes of making the company more productive and profitable. Last week out team focused on the importance of audits and at a number of different types of audits that should be conducted to future evaluate the company as a whole. From our research we found that the most appropriate audits to employ are the SAS 94 and the Attestation audits (in particular, the data analytic review) (Cornwall, Sullivan, amp; Chandler, 2012). These types of audit systems†¦show more content†¦Since the scope of CAATs can change vastly depending on the project at hand. The company in charge of the design would have the task of determining the best way to utilize the CAAT so that it is proving the company with the best possible outcome. With that said CAATs have the capability of doing a n umber of things. Below is a list of possible ways that the productivity software can be used in the system design. Import client’s raw data from legacy systems; * Automatically generate working papers and their references (i.e., lead and detail schedules); * Export to Excel amp; other file formats to facilitate sharing of information with the client amp; others; * Drill down and see underlying transactions from financial statements; * Enter adjusting journal entries; * Break down accounts into subcomponents; * Create consolidated financial statements; * Map accounts from lead and detail schedules to the client’s general ledger accounts; * Populate report templates and risk assessments from findings sheets; * Calculate predefined ratios and other performance measures such as the Balanced Score Card; * Compare versions of a document and highlight differences or changes; * Generate risk analysis and business cycle analysis; * Conduct file interrogation; * Share files among other members of the audit engagementShow MoreRelatedEssay about System Integrity and Validation1055 Words   |  5 Pageshead: System Integrity and Validation System Integrity and Validation Aaron Stewart University of Phoenix Accounting Information Systems ACC/542 MBAY0ZDVQ0 Yasin Dadabhoy September 19, 2011 Preface Kudler Finer Foods has a very strong accounting information system in place but there is room for improvement. 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