ACCT301 Week 2 Homework 1. In two to three paragraphs‚ describe the Sarbanes-Oxley Act and why it is important to the accounting profession. (15 points) The Sarbanes-Oxley Act was passed in 2002 by Congress after a series of scandals involving companies such as Enron‚ WorldCom‚ and Tyco. This was passed because of shady transactions and misrepresented financial data which caused shareholders to lose millions of dollars and their trust in investing in public companies. It was passed to create
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Internal control systems As defined in Paragraph 4(c) of ISA 315‚ internal control is “the process designed‚ implemented and maintained by those charged with governance‚ management and other personnel to provide reasonable assurance about the achievement of an entity’s objectives with regard to reliability of financial reporting‚ effectiveness and efficiency of operations‚ and compliance with applicable laws and regulations.” It includes all the policies
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evaluates the role of information technology and how it affects internal audit process in banking industry. The study will also stresses on how IT affects internal control (control environment‚ risk assessment‚ control activities‚ information and communication and monitoring) and provides guidelines and best practices in evaluating techniques available to effectively perform auditing tasks internally. It will addresses how technology‚ Information system (IS) and electronic data processing (EDP) have changed
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usually refers to an electronic device that can perform a series of tasks according to a precise set of instructions. The set of instructions is called a program‚ and the tasks may include making arithmetic calculations‚ storing‚ retrieving‚ and processing data‚ controlling another device‚ or interacting with a person to perform a business function or to play a video game. Today’s computers are marvels of miniaturization. Machines that once weighed 30 tons and occupied warehouse-size rooms now
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playing in a digital world 2. Why do we consider technology invasive? B. Technology is so pervasive that we believe we cannot live without it 3. How long did it take for iPod to penetrate a market audience of 50 million people? B. 3 years 4. What percentage of today’s Fortune 500 companies are technology companies? B. 10% 5. What is the difference between how you would purchase technology compared to the way businesses purchase technology? A. Your purchase is based upon money availability;
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of the SDPS: Journal of Integrated Design and Process Science 17 (2)‚ 2013‚ 59-88 DOI 10.3233/jid-2013-0009 http://www.sdpsnet.org The Evolution of Management Information Systems: A Literature Review Xiaojuan (Julia) Zhang* School of Information Management‚ Wuhan University‚ Wuhan‚ China Abstract The Management Information Systems (MISs) have been displaying considerable diversity during the evolution in the past decades. It comes such a big demand and challenge to draw an overarching
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This refers to the way information is processed in a computers information management system. The information processing cycle consists of five specific steps: 1. Input – This is any kind of data- letters‚ numbers‚ symbols‚ shapes‚ images or whatever raw material put in to the computer system that needs processing. Input data is put into the computer using a keyboard‚ mouse or other devices such as the scanner‚ microphone and the digital camera. 2. Processing – This is the transformation‚ sorting
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BCS HIGHER EDUCATION QUALIFICIATIONS BCS Level 4 Certificate in IT April 2010 EXAMINERS’ REPORT Computer and Network Technology This report is for Sections A and B of the paper. It consists of two sections: 1. Overall comments 2. Detailed questions’ report 1. Overall comments As in previous sittings‚ many candidates did not follow instructions and accordingly did not encircle the question numbers at the front of their scripts. Candidates failed to write the question number at the top
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is data vis-à-vis information? When can information be deemed good and useful? How are these related/ connected to an information system? Data are facts‚ which may or may not be processed (edited‚ summarized‚ or refined) and have no direct effect on the user. By contrast‚ information causes the user to take an action that he or she otherwise could not‚ or would not‚ have taken. Information is often defined simply as processed data. This is an inadequate definition. Information is determined by the
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INTRODUCTION The reason for this research is to carry out an analysis of eBay Inc. with concentration on the relationship between its information technology and its strategy. The research contains an analysis of the company’s e-Business activities and its business operations. The report started with a general overview of eBay Inc. where the company’s history was briefly stated. Its resources‚ products and competitors were also described. The company’s general environment were described and analyzed
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