Discuss the differences between internal and external users of information ..

Discuss the differences between internal and external users of information and their needs and demands on an information system. Historically, which type of user has the firm catered to most?

Expert Solution

The reporting requirements of external users such as lending institutions, the IRS, the SEC, and stockholders are subject to stringent reporting standards. Thus, firms have historically placed a very high emphasis on the accuracy of the AIS and the reports they produce for external agencies since failure to provide accurate and timely information carries heavy penalties. Internal users, such as managers, also need vital information to make good decisions. Firms are beginning to realize that the needs of these internal users are also very important to efficiently and effectively operate and plan for the future.

Junaid answered 10 months ago

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