Accounting Information Systems
Solutions
Accounting Information Systems
What are the key control plans associated with the AP/CD process? Describe how each works and what it accomplishes.
To determine: The key control plans associated with the AP/CD process.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
Determine the key control plans associated with the AP/CD process:
Independent validation of vendor invoices is the control plan that helps to exclude unauthorized records.
Match invoice, purchase order, and receiving the report is the control plan that helps to ensure the invoice recorded is actually ordered and received...
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