An American Management Systems study revealed that 75 percent of all large systems are not used,...

An American Management Systems study revealed that 75 percent of all large systems are not used, not used as intended, or generate meaningless reports or inaccurate data. How will you ensure that your AIS system does not become a victim of these practices?

Solutions

Expert Solution

We can ensure AIS system are used to their full potential and deliver meaningful report by:-

1. Hiring AIS people i.e system users. They may be business analysts, accountants, auditors, chief financial officers and more. Professionals with deep understanding and some past experience of working with AIS can maximize the effectiveness of AIS.

2. Conducting information system audits so as to ensure that the AIS are working efficiently and effectively.

3. Proper trainings should be conducted so as to provide knowledge to everyone in the organization regarding the AIS.

4. Some reports should be in-built in the AIS such as regulatory and legal reports, variance analysis.

5. Internal controls should be placed in the AIS so that there is no missuse of the data. Also, it will ensure confidentiality, integrity and availability of the data.

6. During the development of such AIS Computer Aided Audit Techniques should be incorporated so that auditors can do real time auditing.

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

Read and study all the material and the Case Study: American Investment Management Services Read and...

Read and study all the material and the Case Study: American Investment Management Services Read and study all the material and the Case Study: American Investment Management Services in Week 9 before beginning the final exam. “Exhibits” are found in that Case. Then answer the following questions about the Case Study: American Investment Management Services: #3. Noting that excess capacity is charged back to active accounts, if AIMS scaled back to 3,000,000 active households and planned only a 10% excess...

Read and study all the material and the Case Study: American Investment Management Services in Week...

Read and study all the material and the Case Study: American Investment Management Services in Week 9 before beginning the final exam. “Exhibits” are found in that Case. Then answer the following questions about the Case Study: American Investment Management Services: #3. Noting that excess capacity is charged back to active accounts, if AIMS scaled back to 3,000,000 active households and planned only a 10% excess capacity reserve for future growth, a large proportion of cost could be eliminated. Estimate...

Case Study: Project Communications Management: Best Practices in Practice As part of a large IT systems...

Case Study: Project Communications Management: Best Practices in Practice As part of a large IT systems integration project for the State of California, I witnessed the Project Management Office (PMO) do an excellent job of ensuring that the project stakeholders were properly informed of the project’s progress, outstanding issues, risks, and change requests. Information was gathered from multiple sources (for example, Project Schedule, Issue and Risk Repositories, Testing Tool Data Metrics, Change Request Log, and so on) and compiled into...

A nationwide study of American homeowners revealed that 64% have one or more lawn mowers. A...

A nationwide study of American homeowners revealed that 64% have one or more lawn mowers. A lawn equipment manufacturer, located in Omaha, feels the estimate is too low for households in Omaha. 1) Can the value 0.64 be rejected if a survey of 490 homes in Omaha yields 331 with one or more lawn mowers? 2) Find the confidence interval of the proportion of all the one hwo have the lawn mowers. 3) Check the assumption used in the 1)

30-page research study on Management Systems

A recent study found that fixed fraction, 75%, of a large population of frogs carry a...

A recent study found that fixed fraction, 75%, of a large population of frogs carry a gene for yellow speckled skin. (a) A sample of 6 frogs is picked at random from this population. Does this qualifies as a binomial experiment (Y or N). Specifically address the 4 requirements and whether each is met or not. (b) Assume binomial probabilities apply regardless of answer to part a), determine P(X < 6) to 4 decimal places or better. Show all work....

A device is used in many kinds of systems. Assume that all systems have either 1,...

A device is used in many kinds of systems. Assume that all systems have either 1, 2, 3, or 4 of these devices and that each of these four possibilties is equally likely to be the case. Each device in a system has probablility = 0.1 of failing, and the devices function independently of one another. This implies that once we know how many devices are present, the probability distribution of the number of failures will be known. E.g. if...

29. In contributory plans, where employees pay all or part of the premium amount, 75 percent...

29. In contributory plans, where employees pay all or part of the premium amount, 75 percent of employees must participate. Identify the rationale for this rule. a. It helps reduce the premiums for group insurance contracts. b. It helps in gaining accurate information about insureds participating in the contract. c. It helps protect the plan from adverse selection. d. It helps the underwriter to acknowledge attribution error. e. It helps the employer to take stop loss insurance and reinsurance contracts...

In 2012, the percent of American adults who owned cell phones and used their cell phones...

In 2012, the percent of American adults who owned cell phones and used their cell phones to send or receive text messages was at an all-time high of 80%. Assume that 80% refers to the population parameter. More recently in 2015, a polling firm contacts a simple random sample of 110 people chosen from the population of cell phone owners to confirm the percent who use their phone to text. The firm askes each person "do you use your cell...

Statistics is used in many fields of study and play a vital role in business. How does the role of statistics play a part in Management Information Systems?

Statistics is used in many fields of study and play a vital role in business. How does the role of statistics play a part in Management Information Systems?How is statistics used in Management Information Systems? (or in Information Technology/ Information Systems)What type of of positions in Management Information Systems field uses statistics?Are there specific statisitcal techniques or types of data analysis tools that are commonly used in Management Information Systems?

Subjects