Category: ACCOUNTING INFORMATION SYSTEM

1-20. Berry & Associates, LLP Robert Berry is the managing partner for Berry & Associates (B&A), LLP. He was recently reviewing the firm’s income statement for the previous quarter, which showed that auditing revenues were about 5% below last year’s totals while tax revenues were about the same. Robert also noted that the income from…

Documentation and Effective AIS Accountants are involved in AIS design, development, and implementation, including ensuring that business rules and internal controls are integrated in the AIS. Further, documenting AIS is becoming increasingly important in practice. Why is this so and why should accountants be interested in AIS documentation? Additionally, discuss the role of documentation in…

IT Auditing Reflect on your understanding of information technology assurance services provided by independent professionals and how those services impact IT auditing and AIS implementation. Visit the website of the Association of International Certified Professional Accountants and review the special section for IT assurance services. Further, review ISACA’s COBIT framework on IT governance. How do your findings impact…

The financial accounting cycle starts with the identification and recording of business transactions and events collected using source documents. Review the business processes of an organization you are familiar with and identify at least five examples of source documents used in its AIS. For each source document, discuss the business process that the source document…

eCommerce & Cybercrime This Discussion will assess your understanding of the benefits and risks of electronic commerce over the Internet. Privacy and security issues associated with e-commerce have implications for financial reporting and compliance with laws and regulations. Using the library and the Internet, locate and briefly summarize a cybercrime case involving a retail business.…

Risks and Internal Controls This Discussion will assess your understanding of organizational risks and the needed controls to mitigate those risks. Briefly discuss at least three risk factors that may be prevalent in a manufacturing entity’s inventory management and recommend an internal control procedure to address each of the risks. Based on your experience with…