CHAPTER 7 CONTROL AND ACCOUNTING INFORMATION SYSTEMS SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 7.1 Answer the following questions about the audit of Springer’s Lumber & Supply a. What deficiencies existed in the internal environment at Springer’s? The "internal environment" refers to the tone or culture of a company and helps determine how risk consciousness employees are. It is the foundation for all other ERM components‚ providing discipline and structure. It is essentially the same
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CHAPTER 2 * Overview of Business Processes SUGGESTED ANSWERS TO DISCUSSION QUESTIONS 2.1 Table 2-1 lists some of the documents used in the revenue‚ expenditure‚ and human resources cycle. What kinds of input or output documents or forms would you find in the production (or conversion) cycle? Students will not know the names of the documents but they should be able to identify the tasks about which information needs to be gathered. Here are some of those tasks:
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Accounting Information Systems Test Bank 10th Edition Chapter 1 (new version) MULTIPLE CHOICE 1. A set of two or more interrelated components that interact to achieve a goal is: a) A system b) An accounting information system c) Data d) Mandatory information 2. This results when a subsystem achieves its goals while contributing to the organization’s overall goal. a) Goal conflict b) Goal congruence c) Value of information d) Systems congruence 3. Goal conflict may result when a) A decision
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perpetrated above which the internal control structure generally relate c. Use financial statements to create an illusion that an entity is healthier than it is d. Misappropriation of assets e. Taking advantage of position to manipulate earnings 2. What factors contribute to fraud? How can a company minimize the occurrence of these factors? Explain 3. Explain the key provisions of sections 302‚ 404 and 406 of the Sarbanes-Oxley act? CoSo Framework (SAS 78) a. Sec. 406 – Establishes a
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TRUE or FALSE Management Information Systems‚ 13e (Laudon/Laudon) Chapter 1 Information Systems in Global Business Today 1) Internet advertising is growing at approximately 10 percent a year. Page Ref: 6 2) Developing a new product‚ fulfilling an order‚ and hiring a new employee are examples of business processes. Page Ref: 11 3) A fully digital firm produces only digital goods or services. Page Ref: 11 4) A business model describes how a company produces
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ACIS 3504 TEST 2 REVIEW graphical representation of information narrative when preparing a document flowchart‚ the names of organizationl departments or job functions should appear in the column headings all of the following are guidelines for preparing data flow diagrams except show the most detail in the highest level DFD the passage of the Sarbanes oxley act all of the above which of the following is not a true statement data flow diagrams and flowcharts are difficult to prepare
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_______________________________________________________________________________________ 1. To have a strong internal control system‚ a business must have good administrative controls. Administrative controls include: A. B. C. D. the reconciliation of the bank statement. the accuracy of the recording procedures. assessing compliance with company policies. maintenance of accurate inventory records. 2. Which of the following statements concerning internal controls is true? A. Internal administrative controls are
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Executive Summary Accounting information system is an extremely important role in the enterprise management. As technology advances‚ the system software is constantly improving‚ constantly enhance the function of the system‚ thus improving the efficiency of enterprise management. Accounting information system network and multi-function trend is more obvious‚ how is the fastest way to management to provide the latest information to help decision-makers analysis‚ forecasting‚ decision-making‚ improve
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LIVING WITH ART Test Bank – Chapter 13 Multiple Choice 1. Using a steel framework with masonry sheathing‚ the ________‚ designed by Louis Sullivan‚ is thought by many to be the first genuinely modern building. a. Wainwright Building b. Eiffel Tower c. Crystal Palace d. Lever House e. Chrysler Building 2. Two factors that decide the success of any structural system are a. weight and tensile strength. b. the placement of its dome and its pendentives. c. the linear ratio
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Intermediate Accounting Kieso 15th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://www.solutionsmanualtestbanks.com/2013/05/intermediate-acc ounting-kieso-15th-edition-test-bank.html Intermediate Intermediate Intermediate Intermediate Accounting Accounting Accounting Accounting Kieso Kieso Kieso Kieso 15th Edition Test Bank 15th Edition Test Bank Weygandt Warfield 15th Edition Test Bank Weygandt Warfield 15th Edition Test Bank ***THIS
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