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AIN1501-25-S1
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It is still possible to have strong Internal Controls even if the Accounting Information System is not so strong.
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Data is a representation of events and facts that have taken place in real life.
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With digital disruption, the timing of decisions is no longer the only important factor as decisions must also be supported by data.
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In this technological age, accountants need high levels of IT skills, human-interaction skills and ability to create online content. However, their accounting skills must still be higher than all these.
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Information generated by the organization’s information systems can only be used by persons inside the organization.
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Disruptive technology in financial services offer the following advantage:
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Where the service provider provides information system related services from a location other than the premises of our organization is known as:
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The Office Automation System is used at the operational level.
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How does an information system assist an organization meet statutory requirements relating to transactions that have taken place?
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A system made up of computers that have software is known as:
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