Accounting Information Systems, Internal Control, and Fraud
Not what you're looking for?
Please copy and paste or click on the link below and discuss how accounting fraud relates to accounting information systems. Specifically discuss internal controls. Include whether you think this type of fraud can be controlled effectively.
http://www.accountingtoday.com/news/SEC-Refocuses-Accounting-Fraud-66893-1.html
Purchase this Solution
Solution Summary
The expert discusses internal controls. How accounting fraud relates to accounting information systems are determined.
Solution Preview
The attached article pointed out that the SEC will make better use of technology in an attempt to focus their investigative efforts towards companies who may be hiding fraud. Of course, it won't be foolproof but simply the fact they are performing such tests may help to deter large scale fraud. Secondly, the fear of harsh criminal sentences may further produce a decline in fraud.
The AIS (accounting information system) has been designed to accumulate data and provide decisions makers with information to make good business decisions, but it also provides the basis for a system of internal controls. Internal controls are internal systems to ensure integrity of financial and ...
Purchase this Solution
Free BrainMass Quizzes
Managing the Older Worker
This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Learning Lean
This quiz will help you understand the basic concepts of Lean.
Academic Reading and Writing: Critical Thinking
Importance of Critical Thinking
Basics of corporate finance
These questions will test you on your knowledge of finance.