System controls and security measures
Free IMA CMA Part 1 (Financial Planning, Performance, and Analytics) lesson in Internal Controls. 18 min read, ~2,687 words.
Segregate authorization, custody, recording, and reconciliation across different people; in IT add systems analyst, programmer, operator, librarian, and security administrator separation. Three control points: input controls validate data entering, processing controls protect data being transformed, output controls verify results before distribution. Backups follow 3-2-1 (three copies, two media, one offsite)...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Key Takeaways
- Exam Shortcuts
Learning objectives
- 1E2
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