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Unformatted text preview: 3. CPA audit requires internal controls risk assessment 4. This is a major topic in most accounting courses and most chapters of this book. Components of AIS 1. People 2. Technology 3. Business Processes 4. Accounting and auditing principles 5. Internal controls 6. Databases 7. Reporting 8. Systems development and operation 9. Information for MGT decision making 10. Communication and distribution What is AIS? A system of interrelated subsystems together to respond to demand of business reporting supply chain. Qualities of Information 1. Exhibit 1.2 2. Conflict among these qualities Accountants Role in Business Reporting 1. What was event, what was recorded, 2. How will it impact or recorded? 3. How much will be recorded? 4. What controls are in place? 5. When will it be recorded? 6. Who was involved in this transaction?...
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This note was uploaded on 04/20/2010 for the course AIS 345 taught by Professor R during the Spring '10 term at Bryant.
- Spring '10