MIS in Accounting

MIS in Accounting - MIS IN ACCOUNTING AND HOW IT HAS BEEN...

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MIS IN ACCOUNTING AND HOW IT HAS BEEN AFFECTED BY SOX MIS in Accounting and How It Has Been Affected by SOX Amanda Muzichuck Fairmont State University 1
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MIS IN ACCOUNTING AND HOW IT HAS BEEN AFFECTED BY SOX Table of Contents Abstract……………………………………………………………………………………………3 MIS in Accounting and How It Has Been Affected by SOX…………………………………. ..... 4 Financial Applications in AIS……………………………………………………………. .4 Attestation……………………………………………………………………………. ....... 4 History of Information Systems in Accounting…………………………………………………. ..5 Arthur Andersen, LLP………………………………………………………………. ........ 5 Enron………………………………………………………………………………………5 Sarbanes-Oxley Act of 2002………………………………………………………………6 Advantages and Disadvantages…………………………………………………………………. ...7 ERP Implementation Projects……………………………………………………………. .7 Conclusion ……………………………………………………………………………………. ..... 8 Recommendations………………………………………………………………………. ............... 8 References…………………………………………………………………………………. ......... 10 Definition of Terms………………………………………………………………………. ........... 11 2
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MIS IN ACCOUNTING AND HOW IT HAS BEEN AFFECTED BY SOX Abstract This research paper will go over how Accounting Information Systems are a subsystem of Management Information Systems. It will describe the financial applications through Enterprise Resource Planning. It will explain what happened with the Arthur Andersen and Enron scandals and how it affected all publicly traded companies’ internal controls through the Sarbanes-Oxley Act of 2002. The advantages and disadvantages will be covered as well as recommendations in making it better. 3
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MIS IN ACCOUNTING AND HOW IT HAS BEEN AFFECTED BY SOX MIS in Accounting and How It Has Been Affected by SOX Many accounting firms use a subsystem of Management Information Systems (MISs) called Accounting Information Systems (AISs). AISs are essentially the design, implementation, and monitoring of information systems combined within the practice and study of accounting. There are two major applications within MISs that make up the heart of an AIS: financial applications and human resource applications. However, for the purpose of this research paper, I will mostly be covering the aspects of the financial applications and how the Sarbanes-Oxley Act
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This note was uploaded on 07/15/2011 for the course INFO 2201 taught by Professor Reed during the Fall '10 term at FSU.

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MIS in Accounting - MIS IN ACCOUNTING AND HOW IT HAS BEEN...

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