This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
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 Accountant’s 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?...
View Full Document
- Spring '10
- business activities, Public Company Accounting Oversight Board, Company Accounting Oversight, technical knowledge Controls