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About three decades ago, in his first address as Chairman of the Board of the American Institute of Certified Public Accountants (AICPA), Robert K. Elliott said: Knowledge leveraging will shape a wide range of CPA services. CPAs will be able to identify relevant information anti its sources, perform modeling, devise and apply performance measures of all kinds, design systems to obtain needed information, advise on controls and security, and otherwise ensure relevance and reliability. CPAs will identify and deploy knowledge needed for strategic planning and investments, for marketing decisions, for monitoring internal and external conditions, for conducting daily operations, for maximizing the productivity of employee behavior, and for measuring the effectiveness of operations, personnel and processes. All this and more. 13 Write a paper (your professor will tell you how long the paper should be) to discuss ways in which this chapter agrees with this quote. Discuss any disagreements. Do you think that the CPA should be performing these services? Why or why not? Do you think this quote continues to be relevant in today’s environment?

BuyFind

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
Publisher: Cengage Learning
ISBN: 9781337552127
BuyFind

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
Publisher: Cengage Learning
ISBN: 9781337552127

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Chapter
Section
Chapter 1, Problem 1P
Textbook Problem

About three decades ago, in his first address as Chairman of the Board of the American Institute of Certified Public Accountants (AICPA), Robert K. Elliott said:

Knowledge leveraging will shape a wide range of CPA services. CPAs will be able to identify relevant information anti its sources, perform modeling, devise and apply performance measures of all kinds, design systems to obtain needed information, advise on controls and security, and otherwise ensure relevance and reliability. CPAs will identify and deploy knowledge needed for strategic planning and investments, for marketing decisions, for monitoring internal and external conditions, for conducting daily operations, for maximizing the productivity of employee behavior, and for measuring the effectiveness of operations, personnel and processes. All this and more.13

Write a paper (your professor will tell you how long the paper should be) to discuss ways in which this chapter agrees with this quote. Discuss any disagreements. Do you think that the CPA should be performing these services? Why or why not? Do you think this quote continues to be relevant in today’s environment?

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Chapter 1 Solutions

Accounting Information Systems
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Ch. 1 - What are the three steps in decision making?Ch. 1 - Refer to Figure 1.9. Characterize the horizontal...Ch. 1 - What factors distinguish the types of information...Ch. 1 - In your own words, explain structure as it relates...Ch. 1 - What three roles can an accountant fill in...Ch. 1 - I just want to be a good accountant; technology...Ch. 1 - Examine Figure 1.1 (pg. 9). Based on any work...Ch. 1 - Examine Figure 1.1. Based on your college...Ch. 1 - Why might you have more trouble assessing the...Ch. 1 - Why must you have knowledge of a systems...Ch. 1 - Do you think your accounting education is...Ch. 1 - Examine Figure 1.9 (pg. 25). Discuss the...Ch. 1 - Examine Figure 1.9. Discuss how vertical...Ch. 1 - Give several examples not mentioned in the chapter...Ch. 1 - Regarding financial reporting, which quality of...Ch. 1 - Between relevance and reliability, which...Ch. 1 - Describe two structured decisions and two...Ch. 1 - To be of any value, a modern information system...Ch. 1 - Match the items in the following two lists by...Ch. 1 - Consider the inventory of a retailer. Describe how...Ch. 1 - About three decades ago, in his first address as...Ch. 1 - Conduct research on the expansion of the role of...Ch. 1 - Conduct research on the implementation of Section...Ch. 1 - Assume that a manager can obtain information from...Ch. 1 - Using Internet resources, locate openings for at...Ch. 1 - Contact a CPA firm to find out about current...Ch. 1 - Find the most current listing of the AICPAs or CPA...Ch. 1 - Find the most current listing of the AICPAs or CPA...Ch. 1 - Identify the skills required to be a forensic...

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