Please click on the link above or copy and paste and summarize the main points in the article. Also, state whether this particular use of spreadsheets is a weakness or strength from an internal control standpoint.© BrainMass Inc. brainmass.com October 10, 2019, 6:27 am ad1c9bdddf
Discussion for your question:
Spreadsheets can be a strength or a weakness, but in itself, is neither. The predominant issue is the internal controls surrounding the use of spreadsheets. In the professional accounting field, spreadsheets are oftentimes used as a standalone tool or used as part of an accounting program. The internal controls would be stronger, on average, if the spreadsheet is part of an accounting program. The internal ...
This solution summarizes the article from the link provided, and states whether this particular use of spreadsheets is a weakness or a strength from an internal control standpoint. A comprehensive discussion is provided.