Accounting Study guides, Class notes & Summaries

Explain one way the external auditor's responsibilities regarding a public company's system of internal controls have changed since SAS 78 became effective in the late 1990s. Were these changes necessary? Do you believe the changes have been effective at reducing risk for the company and the users of the financial statements? Explain your rationale. In your response, do not use the same reasoning that has already been posted by a classmate.

When a new system is being considered, one of the questions is whether or not to survey the current system. Discuss the advantages and disadvantages to surveying the current system. Also comment on another student's response. The initial response should be at least 250 words. In your response, do not use the same advantages and disadvantages that have already been posted by a classmate.

Explain how the increased use of e-commerce, including electronic data interchange (EDI), by businesses has affected the auditor or accountant. In your response, do not use the same reasons e-commerce has increased that have already been posted by a classmate.

Explain at least two risks associated with implementing an enterprise resource planning system. How can these risks be minimized? In your response, do not use the same risksas already posted by a classmate.

Find a journal article online about job costing systems. In the subject line of your post, include the title of the article that you read. Post a link to that article with your initial post, and provide a summary and a reaction to the article. The summary should be approximately 250 words, and the reaction should be approximately 150 words. The summary should describe the major points of the article, and the reaction should demonstrate your interpretation of the article and how you can apply tha...

Describe a minimum of three ways AIS can help minimize or eliminate inaccurate time and attendance data in a typical company's payroll activity. In your response, do not use the same three ways AIS can help a company's payroll that have already been posted by a classmate.

Discuss the differences between the revenue cycle activities and operations of a typical "brick and mortar" business as compared to an online business. In your response, do not use the same differences between data flow and system flowcharts that have already been posted by a classmate.

Describe the differences between a data flow diagram and a system flowchart. Give an example of when and how each would be used. In your response, do not use the same differences between data flow and systems flowcharts that have already been posted by a classmate.

ACC 622 Topic 1 DQ 2 Rather than running their information technology (IT) functions in-house, some companies choose to use cloud computing or outsource their IT functions. Why would a company choose to use cloud computing or outsource its IT functions? In your explanation, be sure to include how the two alternatives differ and why a company might choose one alternative over the other. In your response, do not use the same reasons for outsourcing that have already been posted by a classmate.

Describe how the use of data flow diagrams and flowcharts can help the external auditor of a publicly traded company evaluate management's assessment of the company's internal control structure and attest to its accuracy in order to meet the requirements of the Sarbanes-Oxley Act (SOX) of 2002, as updated by legistlation.