Discuss the reasons for documentation in both accounting information systems, IT, and in auditing (flowcharts, DFDs...

Discuss the reasons for documentation in both accounting information systems, IT, and in auditing (flowcharts, DFDs etc.). Focus on DFDs (data flow diagrams), System flowcharts, and Document flowcharts. Questions to be Addressed 1. What is the purpose of documentation or documenting Accounting Information Systems? 2. Why do you need to understand documentation? 3. What documentation techniques are used to document accounting information systems? 4. What are data flow diagrams, flowcharts, and business process diagrams (we will cover business processes and business process diagrams in Week 4)? A. How are they alike and different? B. How are they prepared?

Expert Solution

ekkarill92 answered 10 months ago

Explain the significance of Sarbanes-Oxley (SOX) in regards to Accounting Information Systems auditing.

- (1) what aspects of their clients' accounting information systems must be understood by auditing professionals...

- (1) what aspects of their clients' accounting information systems must be understood by auditing professionals - (2) how must auditing professionals use their own accounting firm's (employer's) information systems to perform their audit work.

Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept

Discuss the importance of accounting independence in accounting information systems. Give an example of where this concept is important (use an example other than inventory control).

The audit documentation is another of the International Standards for Auditing and Auditing Evidence. What do...

The audit documentation is another of the International Standards for Auditing and Auditing Evidence. What do you know about the standards? Explain the details.

discuss the impact of block chain technology on accounting information systems in organizations today and if...

discuss the impact of block chain technology on accounting information systems in organizations today and if you believe this technology will improve or hinder an AIS currently in place within an organization. Do you believe the company you currently work for or have worked for in the past would benefit from block chain technology, why or why not? do NOT answer with anything handwritten. your handwriting is not as good as you think it is and will be marked as...

a. Discuss the impact of Accounting information systems on the performance of managerial accountants b. commonly...

a. Discuss the impact of Accounting information systems on the performance of managerial accountants b. commonly known AIS systems c. impact on role and performance of managerial accountants. d. necessary training to implement and maintain accounting information systems. e. pros and cons of accounting information systems.

1. List at least five reasons that inventory is a complex accounting and auditing area. 2....

1. List at least five reasons that inventory is a complex accounting and auditing area. 2. Following is a list of activities in the acquisition and payment cycle for inventory and cost of goods sold. List at least three controls for each activity below and explain how to ensure good amount of control is proceeded. a. Requisition for goods and services b. Purchase of goods and services c. Receipt of, and accounting for, goods and services d. Approval of items...

SDLC, Systems Documentation, Internal controls (10 marks). Which form of systems documentation studied in ACC539 is...

SDLC, Systems Documentation, Internal controls . Which form of systems documentation studied in ACC539 is most likely to be used by an auditor? Why? Systems documentation is developed across multiple stages of the systems development lifecycle (SDLC). Discuss how systems documentation is developed across the different stages of the SDLC. A recent review of Bright Buttons Pty Ltd accounting system revealed the following procedures: The accounts payable clerk prepares the cash payment vouchers, which are approved by the chief financial...

discuss why organizations needs accounting information systems (AIs) and better information managment. how important are they...

discuss why organizations needs accounting information systems (AIs) and better information managment. how important are they and what benefits does the organizations gain from them?

what are the types of accounting information systems?

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