Questions from Accounting Information Systems

Q: You are performing an information system audit to evaluate internal controls in

You are performing an information system audit to evaluate internal controls in Aardvark Wholesalers’ (AW) computer system. From an AW manual, you have obtained the following job descriptions for key...

Q: As an internal auditor for the state auditor’s office, you are

As an internal auditor for the state auditor’s office, you are assigned to review the implementation of a new computer system in the state welfare agency. The agency is installing an online computer s...

Q: Melinda Robinson, the director of internal auditing at Sachem Manufacturing Company

Melinda Robinson, the director of internal auditing at Sachem Manufacturing Company, believes the company should purchase software to assist in the financial and procedural audits her department condu...

Q: The Journal of Accountancy (available at www.aicpa.

The Journal of Accountancy (available at www.aicpa.org) has published a series of articles that address different aspects of disaster recovery and business continuity planning: 1. Gerber, J. A., and...

Q: What internal control procedure(s) would provide protection against the

What internal control procedure(s) would provide protection against the following threats? a. Theft of goods by the shipping dock workers, who claim that the inventory shortages reflect errors in the...

Q: Give two specific examples of nonroutine transactions that may occur in processing

Give two specific examples of nonroutine transactions that may occur in processing cash receipts and updating accounts receivable. Also specify the control procedures that should be in place to ensure...

Q: For good internal control, which of the following duties can be

For good internal control, which of the following duties can be performed by the same individual? 1. Approve changes to customer credit limits 2. Sales order entry 3. Shipping merchandise 4. Billi...

Q: Weisel, in the December 2006 issue of the Journal of Accountancy

Weisel, in the December 2006 issue of the Journal of Accountancy. The Journal of Accountancy is available in print or online at the AICPA’s Web site: www.aicpa.org Required: a. Create a 12-month cas...

Q: For each of the following activities identify the data that must be

For each of the following activities identify the data that must be entered by the employee performing that activity and list the appropriate data entry controls: a. Sales order entry clerk taking a...

Q: O’Brien Corporation is a midsize, privately owned, industrial instrument manufacturer

O’Brien Corporation is a midsize, privately owned, industrial instrument manufacturer supplying precision equipment to manufacturers in the Midwest. The corporation is 10 years old and uses an integra...