Chapter 10: Monitoring reporting systems and reviewing reporting procedures. In this chapter, you will learn to: To learn about achieving completeness and accuracy of data, to discover methods of standardising input data and documentation, to know about maintaining appropriate backups, to learn about understanding and monitoring reporting requirements. | Monitoring reporting systems and reviewing reporting procedures Learning objectives To learn about achieving completeness and accuracy of data. To discover methods of standardising input data and documentation. To know about maintaining appropriate backups. To learn about understanding and monitoring reporting requirements. Key terms integrated system matching principle reporting requirements reporting system This ensures that information provided by reports is accurate Factors to consider are: Achieving complete and correct data Integrated system where an input in one system leads to the complete maintenance of correct data in a number of systems Matching principle should be adhered to in relation to data input to confirm transactions belong to the appropriate accounting period Monitoring reporting systems Monitoring reporting systems Other factors to consider are: ensuring employees are trained in the processes for recording and classifying standardising source documents to minimise human error backups Reviewing reporting procedures To further ensure the reliability of reports produced from systems Actions may include: Systematically checking the source of input data Establishing reporting requirements and analysing them regularly Checking reporting requirements for compliance with the established reporting processes Explanatory notes and financial . | Monitoring reporting systems and reviewing reporting procedures Learning objectives To learn about achieving completeness and accuracy of data. To discover methods of standardising input data and documentation. To know about maintaining appropriate backups. To learn about understanding and monitoring reporting requirements. Key terms integrated system matching principle reporting requirements reporting system This ensures that information provided by reports is accurate Factors to consider are: Achieving complete and correct data Integrated system where an input in one system leads to the complete maintenance of correct data in a number of systems Matching principle should be adhered to in relation to data input to confirm transactions belong to the appropriate accounting period Monitoring reporting systems Monitoring reporting systems Other factors to consider are: ensuring employees are trained in the processes for recording and classifying standardising source documents to .
