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Accounting Information Systems

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

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BuyFindarrow_forward

Accounting Information Systems

11th Edition
Ulric J. Gelinas + 3 others
ISBN: 9781337552127
Textbook Problem

Describe the impact that entity-level controls (i.e., control environment, pervasive controls, general/IT general controls) can have on the B/AR/CR business process controls.

Summary Introduction

To explain: The impact of entity level controls on B/AR/CR business process controls.

Introduction:

B/AR/CR process:

It is an accounting process with an interacting structure of different process supporting the decision-making activities of the financial managers.

Explanation

The impact of entity level controls on B/AR/CR business process controls:

  • The presence of additional control over the cash receipts process will have two employees at the mail counting the cash. This will prevent theft unless they collude to commit the theft of funds.
  • The process of lapping can be prevented by providing forced vacation and rotation of duties...

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