Chapter 1




Chapter 1 Automated Business Processing




This chapter deals with various provisions and aspects of automated business processes and covers following important topics:





 


Business Process Automation






Enterprise Risk Management


Risks


(8)Define Risk?

(9)What are the Risks of Business Process Automation?


Internal Control Systems








(18)Discuss risks and relevant control objectives for Fixed Assets?



Flow Charts




(22)What are the advantages of flowchart?

Data flow Diagrams:





Regulatory & Compliance Requirements:



(30) Define sensitive personal information as per IT Act? 


(31) List out the rules and procedures that constitute corporate governance framework? (May 19)

Answer: The corporate governance framework consists of:
  • explicit and implicit contracts between the company and the stakeholders for distribution of responsibilities, rights, and rewards. 
  • procedures to address conflicting interests of stakeholders in accordance with their duties, privileges, and roles, and 
  • procedures for proper supervision, control, and information-flows to serve as a system of checks-and-balances.