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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, and general/IT general controls) can have on the effectiveness of AP/CD business process controls.

Summary Introduction

To determine: The impact that entity-level control have on the effectiveness of AP/CD business process controls.

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.

Explanation

Describe the impact that entity-level controls have on the effectiveness of AP/CD business process controls:

Segregation of duties, additional manual controls, and automated controls are the entity-level controls that ensure the effectiveness of AP/CD business process controls. From the process of completing the accounts payable and cash disbursements, assigning payment terms and creating vendor records are the duties that must be segregated...

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