Free ACCA & CIMA online courses from OpenTuition

Free Notes, Lectures, Tests and Forums for ACCA and CIMA exams

20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for September 2025 exams.
Get your discount code >>

Internal Control

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA AA Exams › Internal Control

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • September 3, 2020 at 6:48 pm #583299
    adarsh1997
    Participant
    • Topics: 646
    • Replies: 282
    • ☆☆☆☆

    Hello Kim,

    Could you please explain what does a system based audit mean and it’s link with internal control?

    Thanks

    September 4, 2020 at 6:49 am #583327
    Kim Smith
    Keymaster
    • Topics: 135
    • Replies: 8328
    • ☆☆☆☆☆

    “System-based” refers to emphasis on “accounting systems and internal controls” – i.e. looking to place reliance on the “system” through tests of controls. Also called “compliance-based” (as looking for compliance with control procedures).

  • Author
    Posts
Viewing 2 posts - 1 through 2 (of 2 total)
  • You must be logged in to reply to this topic.