Which of the following benefits of an effective accounting information system provides safeguards for a business’s assets and reduces the likelihood of fraud and errors?  Flexibility Relevance Control Compatibility

Q: Internal controls are critical for any organization's risk of fraudulent activity. Additionally, new…

A: This topic discusses how an advanced technology transaction processing system may assist any firm in…

Q: ow to prevent and detect fraud, and make it less likely to occur in organization

A: Fraud is a serious issue that might bring down an organization, no matter its size. according to…

Q: what is Segregation of Duties in accounting and how it can prevent fraud?

A: Segregation of duties: In a firm, segregation of duties (SOD) is a fundamental building element of…

Q: The use of a bank account addresses which objective of internal control? Group of answer choices…

A: A bank account is an account with a bank for an enterprise. It reflects the balance of cash kept in…

Q: Accounting information's integrity is enhanced via audits.

A: This question explains about accounting information's integrity is enhanced via audits.

Q: Computers remove a fundamental separation of functions between authorizing and processing…

A: It is a true statement that computers remove a basic separation strategy of separating the functions…

Q: nich of the following is not stated as a primary objective of a company's internal control policies…

A: Internal control is an organization is designed and implemented by management.

Q: Internal control is concerned with the reliability of financial information. True or False

A: Internal control is a procedure which will ensure completion of objectives along with safguarding…

Q: Under what circumstances can you envision management using alternative one rather than alternative…

A: We’ll answer the second question since we require more information to answer first question. Please…

Q: One aspect of internal control requires companies to maintain adequate documentation and records.…

A: Internal controls procedures are those procedures which are established for achievement of…

Q: Management of a business enterprise is the major external user of information. Select one: True…

A: Accounting information is information related to accounting operations and financial statements of…

Q: ask 1) Review and evaluate the accounting system This review can be of the complete system or of one…

A: Accounting functions are described as the collection of financial processes that aid in the…

Q: What is the relationship between Accounting and an Accountinginformation system? ) • What has…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: A CIS environment exists when a computer of any type o. size is involved in processing of an…

A: Answer: CIS is defined as one of information system which is based on computer information system.…

Q: write about the implementation of systrust (integrity,security,availability,privacy and…

A: Internal control is an important part of every organization. It helps in maintaining the efficiency…

Q: The objectives of internal control are to a. prevent fraud and promote the social interest of the…

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: An internal auditor is examining the effectiveness of procedures management established to protect…

A: "Independent examination of financial information of any company, whether profit-oriented or not,…

Q: Which one of the following is NOT a limitation of internal control? Objectives of internal control…

A:

Q: Which of the following is not a purpose of internal controls?     Guarantee profits     Protect…

A: Internal control can be defined as a system to follow the rules and mechanism in the organisation so…

Q: Under what circumstances can you envision management using alternative one rather than alternative…

A: Under what circumstances can you envision management using alternative ones rather than alternative…

Q: The purpose of ____________ is to help manage and control risk appropriately rather than to…

A: Internal accounting is the process of preparation of accounting for business transactions. Internal…

Q: What is the relationship between Accounting and an Accountinginformation system?  • What has…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: How does computerized accounting information systems affect an accounting professional’s ethical and…

A: Accounting information system ((AIS) refers to having a system in which all the business…

Q: Which of the following is an example of an input control? a.making sure report that are distributed…

A: Input controls are used to obtain responses from the interview user. each input control has…

Q: Explain the sentence "The overall objective and scope of an audit does not change in a CIS…

A: Audit procedure is different types of steps that are followed by an auditor while conducting the…

Q: Discuss the audit considerations arising from a bank’s extensive dependence on technology-based…

A: Audit consideration is the considerations which have to be done by the auditor on the financial…

Q: audit of accounting information system

A: Auditing means checking the elements of financial statements to ensure that they show the true…

Q: How CSR related to accounting fraud?

A: CSR or Corporate Social Responsibility refers to the practices and policies implemented by corporate…

Q: An internal control system is made up of all rules and processes that are used to safeguard assets,…

A: Here is the Answer

Q: Explain the importance of Audit committee in an organization

A: Audit refers to the process of physically investing or examining the financial information of any…

Q: Which of the following statements about an accounting information system (AIS) is incorrect ?(CPA…

A: There are 4 options given with regards to the given concept and one of them is them is incorrect and…

Q: Explain the primary functions of internal controls procedures in the accounting area

A: Definition: Internal control: The internal control refers to the plan of a company. Implementation…

Q: When processing controls within the accounting information system may not leave visible evidence…

A: When processing controls within the accounting information system may not leave visible evidence…

Q: Distinguish between business failure and audit risk. Why is businessfailure a concern to auditors?

A: Auditing is the investigation, inspection, or examination of the financial statements of an…

Q: Which of the following would assist an entity in cat and prevent fraud? a. Accounting…

A: Fraud:- When one person intentionally conducts some activities which are against the rules and…

Q: he importance of internal control is to protect against all of the following EXCEPT     integrity…

A: Internal controls: Internal controls are the controls which are defined for the purpose of Auditing…

Q: Dicuss the techniques an imposter can use to breach into an accounting information system.

A: Computer Fraud: A computer fraud is an unlawful act committed by the employees in an organization…

Q: Internal control does not consist of policies and procedures that a. ensure employees and managers…

A: Internal control consists of policies and procedures which is implemented in the organisation so…

Q: Which of the following is not considered to be part of the internal control structure of a company?…

A: Answer:  Publish accurate financial statements on a regular basis.

Q: What is the significance accounting course to  “Governance, Business Ethics, Risk Management, and…

A: Answer: Accounting has been worldwide followed practice to record day to day transactions. It has…

Q: An Internal Control System will not Assists compliance with laws and regulations Helps ensure the…

A: The controls implemented by the business entity to prevent certain frauds and to ensure the…

Q: Providing timely information about transactions in sufficient detail to permit proper classification…

A: Internal control: Internal control is a process which ensures continuous reliability of…

Q: Distinguish the revenue cycle activities and operations of a conventional "brick and mortar" company…

A: THE ANSWER:

Q: describe accounting warning signs and methods for detecting manipulation of informationin fi nancial…

A: Accounting warning signs are the indication that the financial statements are going to manipulation…

Q: All of the rules and processes used to safeguard assets, assure accurate accounting, promote…

A: Internal Control: It is a system in which all the company's transactions get tracked and carefully…