Collectively provide evidence that criminal activity

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collectively provide evidence that criminal activity is in progress or has happened •Corporate Scandals and Accounting o Ponzi Scheme Accounting and IT (4) •1. Financial Accounting o OBJECTIVE: of financial accounting info systems: provide relevant info to individuals and groups outside an organizations boundaries o Nonfinancial data REA accounting- idea of storing important nonfinancial information about resources, events, and agents o Real-Time Reporting AIS itself can produce financial statements almost in real- time o Interactive Data and Extensible Business Reporting Language Interactive data- data that can be reused and carried seamlessly among a variety of apps or reports Extensible business reporting language (XBRL)- emerging as the language of choice for this purpose •2. Managerial Accounting o OBJECTIVE: to provide relevant info to organizational managers (internal users) o Cost Accounting Activity-Based Costing •3. Auditing o Providing third-party testimony that a client complies with a given statute, law, or similar requirement. o Sarbanes-Oxley Act of 2002 (SOX) •4. Taxation o TurboTax
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1/8/14 10:21 PM
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