Para 3.22.61 — MSO (Audit)
Original Rule Text
3.22.61 The objectives of processing controls are to ensure that
(i) the processing of transactions is accurate and complete;
(ii) the transactions are unique without any duplication;
(iii) all transactions are valid; and
(iv) the computer processes are susceptible to audit.
What This Means
The four objectives of processing controls are to ensure that transaction processing is accurate and complete, that each transaction is unique without any duplication, that all processed transactions are valid, and that the computer processes themselves are open to audit examination. These objectives work together to provide confidence that the financial data produced by the system is reliable and verifiable.
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Key Points
- 1Processing must be accurate and complete — no errors or omissions
- 2Transactions must be unique — no duplicates allowed
- 3All processed transactions must be valid
- 4Computer processes must be susceptible to audit examination
- 5These four objectives together ensure reliable financial data
Practical Example
In a government pension payment system, processing controls ensure that: each pensioner receives the correct amount calculated accurately (accuracy); every eligible pensioner is paid, not just some (completeness); no pensioner receives two payments for the same month (uniqueness); only valid pensioners on the approved list receive payments — not deceased or suspended pensioners (validity); and the system maintains transaction logs showing how each payment was calculated so auditors can verify the process (auditability).
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.
Frequently Asked Questions
Why must computer processes be susceptible to audit?▼
How are duplicate transactions prevented during processing?▼
This explanation was generated with AI assistance for educational purposes. Always refer to the official gazette notification for authoritative text.