Which of the following is false about accounting information systems?A. They provide reports that people analyze.B. They prevent errors and stop employees from stealing inventory.C. They are designed to gather data about the company’s transactions.D. They consist of processes that involve input of data from source documents, processing, output, andstorage.

Q: 1. Which of the following statements is false? a.Subsidiary ledgers and special journals are only…

A: Answer:  a) Subsidiary ledgers and special journals are only useful when a business doesn't have a…

Q: Why should businesses shift to an electronic accounting system? How can controls deter fraudulent…

A: Electronic accounting system entails use of computer based or internet based accounting tools. In an…

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: Internal controls do each of the following except: A. Evaluate performance of employees B.…

A: Internal control is a system designed by the organisation for Accounting and auditing purposes which…

Q: the auditor is verifying whether all goods received by the company have been recorded appropriately.…

A: Source Documents - Source documents are the document using which auditor can check the genuineness…

Q: An audit trail is a step-by-step record by which accounting data can be traced to its source.…

A: Vouching refers to checking the business transactions with their respective source documents.

Q: Which of the following does not demonstrate internal control practices? a. Allowing access of…

A: Internal control is a set of measures instituted by management and designed to help. achieve the…

Q: incorrect related to the purchasing and cash disbursement cycle?

A: Answer: D. The accounting department is responsible for receiving the goods and preparing the…

Q: Which of the following statements is false? a. Most computerized accounting systems use principles…

A: Answer:  a) Subsidiary ledgers and special journals are only useful when a business doesn't have a…

Q: Controls that enhance the accuracy and reliability of the accounting records are automated…

A: Accounting control is the manner in which process are configured to. Manage risk within an…

Q: The separation of operational responsibility from record keeping is meant to prevent different types…

A: The management of the company is the main responsible for preparing the financial statements which…

Q: Proper segregation of duties reduces opportunities to allow any employee to be in a position to…

A: The correct Option is Option “D”. D. Record and conceal fraudulent transactions in the normal course…

Q: The primary purpose of internal controls in managing a business is to:

A:

Q: Which of the following is incorrect related to the purchasing and cash disbursement cycle?   Group…

A: Purchasing and cash disbursement cycle is a combination of activities related to business for…

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: A company limits access to computerized accounting records. What can be said of this procedure? a.It…

A: Limited Access Control: Limited access control is a type of control that provides limited access to…

Q: What are the collective procedures implemented by management to ensure that business activities are…

A: Dear student as per Bartleby answering guideline we can answer the only first independent question…

Q: Assuming that the data collected in the accounting information system is free from material errors…

A: The information recorded in accounting system can face several risks like inherent risk and control…

Q: What cause Fraud in Computerised Accounting

A: Computerized Accounting System:   A computerized accounting system are software programs that are…

Q: Users who do not directly run the organization and have limited access to accounting information are…

A:

Q: INSTRUCTION(s): For every general potential error type enumerated below, list down some basic…

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

Q: earch a company that had a fraud event happen due to inadequate accounting procedures. Review the…

A: Accountiing control is implemented to ensure the validity and accuracy of financial statements ie…

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: Which of the following is NOT a general control?* a. Backup of live data b. Use of passwords c.…

A: For data protection and IT security, various types of internal controls is implemented by the…

Q: Explain the impact of the fraud in business according to accounting information system.

A: AIS (Accounting Information System) defines fraud as an action that can affect many people within…

Q: Which of the following statements is associated with analytical procedure test? a. It helps to…

A: Analytical procedures involve comparisons of recorded amounts, or ratios developed from recorded…

Q: It is not an objective of accounting control Develop operational efficiency resource protection las…

A: The answer for the multiple choice question and relevant explanation are presented hereunder :…

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: All records in a file must be uniquely identifiable in at least one attribute, which is its primary…

A: The primary key is unique and cannot be the same in a table. It is a basis through which every…

Q: internal

A: Ans. Gaps in internal control procedure may result in frauds or errors in an organisation.

Q: An internal control system where obligations by the company should be liquidated only by checks. A.…

A: Internal controls are the methods used by a company for the integrity of financial statements and…

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: Management accounting is concerned primarily with external reporting. True False

A: "As per bartleby guidelines we will solve the first question for you. If you want any specific…

Q: Some accountants argue that the receiving department should be eliminated. Discuss the objective of…

A:

Q: CPAs may audit around or through computers in the examination of financial statements of clients who…

A: Audit is defined as inspection of the books of the accounts through auditor followed through…

Q: Why is it important for companies to analyze revenue and accounts receivable? How can these areas…

A: Revenue is commonly referred to as the income received from business operations. It includes…

Q: Which one of the following is not an objective of a system of internal controls? Select one: 1.…

A: Internal controls are the mechanisms, rules, and procedures implemented by a company to ensure the…

Q: How can adjustments to the standardized financial statements be made in order to undo these…

A: Accounting distortions are differences between the data shown in financial statements and actual…

Q: Which of the following statements is false? Oa. Even small companies use computerized accounting…

A: Accounting cycle includes: Identifying transactions Journalizing Posting Unadjusted trial balance…

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: CPAs may audit around or through computers in the audit of the financial statements of clients who…

A: An audit is the unbiased and independent examination of financial records and statements of an…

Q: A serious exposure for an organization that is connnected with the revenue cycle is the loss of…

A: In this question we asked about a serious exposure for an organization that is connnected with the…

Q: internal control of its sales

A: Internal control system is a set of rules and activities to be adhered during the conduct of…

Q: What is the business cycle in the accounting information system?

A: "Hey, since there are multiple questions posted, we will answer the first question. If you want any…