Questions from Accounting Information Systems

Q: Neil Rogers is the controller for North Gate Manufacturing (NGM),

Neil Rogers is the controller for North Gate Manufacturing (NGM), a company with headquarters in College Station, Texas. NGM has seven concrete product plants located throughout the Southwest region o...

Q: Why did COSO think it was so important to issue the 2009

Why did COSO think it was so important to issue the 2009 Report on monitoring?

Q: What were the primary drivers for the redesign of COSO’s ERM Framework

What were the primary drivers for the redesign of COSO’s ERM Framework? Briefly discuss the five components of effective ERM.

Q: Why are the COSO and COBIT frameworks so important?

Why are the COSO and COBIT frameworks so important?

Q: Briefly discuss the interrelated components that should exist within an internal control

Briefly discuss the interrelated components that should exist within an internal control system. In your opinion, which component is the most important and why?

Q: Why are accountants so concerned about their organization having an efficient and

Why are accountants so concerned about their organization having an efficient and effective internal control system?

Q: Discuss what you consider to be the major differences between preventive,

Discuss what you consider to be the major differences between preventive, detective, and corrective control procedures. Give two examples of each type of control.

Q: Why are competent employees important to an organization’s internal control system?

Why are competent employees important to an organization’s internal control system?

Q: How can separation of duties reduce the risk of undetected errors and

How can separation of duties reduce the risk of undetected errors and irregularities?

Q: Discuss some of the advantages to an organization from using a voucher

Discuss some of the advantages to an organization from using a voucher system and pre numbered checks for its cash disbursement transactions.