"Why are internal controls and audit trails important in a computerized accounting system" Essays and Research Papers

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    CHAPTER 1 Introduction A computerized identification system is used to verify the identity of a person. The data is stored in a database of a server. An identification card is a card giving identifying data about a person‚ as full name‚ address‚ age‚ and color of hair and eyes‚ and often containing a photograph: for use as identification at a place of employment‚ school‚ club‚ etc. There are various types of identification systems available and implemented across the globe. These are Biometric

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    the existing system on enrollment‚ they have known that SPRCNHS are experiencing problems like slow transactions and requiring much time in organizing the files of the students that’s why‚ the researchers decided to recommend a computerized enrollment system for the benefit of the students as well as the faculty members and the school. The proposed system which is the computerized information system will help the enrollment staff to easily access the records of the students. Computerized Information

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    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 new rules of accountability and accuracy for public companies. It is important to the

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    Checklist for Evaluating Internal Controls ACC/544 April 29‚ 2013 Christine Errico Checklist for Evaluating Internal Controls Internal controls are methods a company implements to safeguard and protect the company in its day-to-day operations as well as its financial information. To ensure these controls are effective and performing properly a company must evaluate these controls. In performing this evaluation a company should use the three phases of the control evaluation. These phases

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    a particular school. Different interrelated processes build up enrollment procedures called Enrollment System (ES). ES are used particularly in recording and retrieving student’s information. Tracking student’s information is also one feature of ES‚ in which the school can trace the standing of a student. Verifying payments was also added to update or browse student’s billings. Enrollment System is a good example of a computer generated process. This can lessen the workload and provides accurate

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    Computerized Library System

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    head librarian‚ Mrs.Dorie Domingo‚ is composed of 3‚000 Circulation‚ Reference‚ Chinese Books and other reading materials being used by their more or less 700 students. The Head Librarian stated that they are currently using the Dewy Decimal Library System. The library users and the librarian still use card catalogues in searching for reading materials. The Philippine Institute of Quezon City traces its humble beginnings through the vision and foresight of Mr. Alfredo Matti‚ then current chairman of

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    Enrollment System is used for student information records. A well-built Enrollment System can be useful to reduce the load of the people that normally has to do all the manual work. A well enrollment system is built for faster process information. Enhancing the Enrollment system of Colegio de Saint Monique is consistent with the goals and objectives pursued towards this end. The basis of changes to be done is discovered through interview‚ and qualitative analysis. On the development of this system‚ it

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    Chapter 1 THE PROBLEM AND ITS BACKGROUND Introduction Now‚ in our society all over the world technology is the most important advancement‚ a necessity in bringing about progress as we move along in this computerized world. These changes in effect make man’s life easier and more convenient. The relationship between the library and computer is constantly changing that the use of computer contributes to the way man learns and communicates. It easy in this world to strive for changes

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    Internal Controls Proposal

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    The consulting firm reviewed the cash‚ sales‚ accounts receivable‚ inventory and production functions. Based on this review‚ the consulting firm has prepared a proposal of internal controls for each function of the company. This proposal will give a background of each function and a list of the proposed internal controls. Cash Auto Parts Inc. manufactures and sells auto parts to car dealerships as well as the general public. Cash receipts come in the form of credit card‚ electronic payments

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    Internal Audit Efficiency

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    Theories of auditing There are several different theories that may explain the demand for audit services. Some of them are well known in research and some of them are more based on perceptions. Figure 1 illustrates four audit theories according to Hayes et al. (2005). The policeman theory claims that the auditor is responsible for searching‚ discovering and preventing fraud. In the early 20thcentury this was certainly the case. However‚ more recently the main focus of auditors has been to provide

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