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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

“Technology Summary 9.1 (p. 331) seems to indicate that the business process and application control plans in this chapter cannot be relied on.” Do you agree? Discuss fully.

Summary Introduction

Case summary:

The technology summary states that there are two different types of process controls that are automated controls and manual controls. Ability, training, and diligence of the data entry person determines the efficiency of the manual control. The data entry person should know the approval that are valid and document that are not properly approved. The person should compare the input data with the master data to correct the errors in the input data.

In automated controls, all the controls of the firms will be performed by the computer system. Digital signatures, electronic approvals, programmed edit checks, and comparing input data with the master data are included in the automated controls.

To comment: On the given statement.

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

Comment on the given statement:

It is given that the summary indicates the application control plans and business process are not relied on. Person X is not agreeing with the statement. Business process and application control plans are in the bottom in the hierarchy of control. It means that strong or weak general control have the prospective efficiency of application control plans and business process...

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