Accounting Information Systems
Introduction: According to an essay published online on the Wikipedia.com website, an accounting information system is the system of records organizations must retain in order to generate accounting reports. These records include the sales made and their related expenses along with data about other financial activities and processes. Most companies use accounting software to maintain accounting records. Automation of the accounting process including the use of accounting software a
Auditors and their employers use control plans to help safeguard assets. com website, accounting software has changed the way that internal controls are implemented, and the type of audit trails that exist in most organizations. According to an essay published online on the Kennesaw State University website, accounting information software programs must be designed properly to protect organizations' assets against theft. llows accountants to provide information more rapidly and in greater detail to decision makers, and accounting information systems software range from simplistic to extremely complex (Wikipedia: The Free Encyclopedia). For example, segregating duties so that no single person can enter, approve and execute certain accounting transactions is one way to discourage fraud and theft. Specifically, the lack of a paper trail for accounting transactions necessitates the involvement of accounting professionals in the design of accounting information whether the accounting software is an inexpensive stand-alone system or is integrated as part of a larger Enterprise Resources Planning software package. In this environment, auditors and accountants must focus on a review of system operations. Audits include tests to ensure that safeguards intended to protect the integrity of the accounting data are protected from unauthorized access, modification or deletion (Answers. Automation and the widespread use of accounting software means that auditors must spend a significant portion of their time examining the control plans in place as a way to validate the accuracy and reliability of the data supplied by accounting information systems (The World of AIS). According to an essay by Theodore Mock published online on the Answers.
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