acc250

posted by .

Please post your response to the following: Chapter 5 discusses internal control. Why are internal controls and audit trails important in a computerized accounting system?

  • acc250 -

    Thanks. What do you think? Does it matter what Chapter 5 stated? Did you read it?

  • acc250 -

    well Bob yes it does but i also like to get other peoples opinion on what they think that have this same class i am taking. sometimes two heads are better than one and discussing it can make you see it in a different way. besides if you really don't want to discuss the question why do answer it. just asking not trying to offend you.

  • acc250 -

    This is NOT the place to see what others in your class think. Most of our responses come from our regular tutors.

    Do others in your class read this board?

  • acc250 -

    YES THEY DO...

  • acc250 -

    THANKS ANYWAY...

  • acc250 -

    Internal control help minimize or eliminate risk, protect company assets,and help efficiency. then audit trials are a record of all entries or changes in the company's data that include all users and the actions they performed. I hope this helped.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting

    Can anyone help me with this? The board of trustees of a local church is concerned about the internal accounting controls pertaining to the offering collections made at weekly services. They ask you to serve on a three-person audit
  2. ACCOUNTING

    P7-2B The board of trustees of a local church is concerned about the internal accounting controls pertaining to the offering collections made at weekly services. They ask you to serve on a three-person audit team with the internal …
  3. accounting

    Three objectives of a company's internal control system should be safeguarding assets, checking the accuracy and reliability of accounting data, and promoting operational efficiency. A fourth objective of a company's internal control …
  4. accounting

    Why are internal controls and audit trails important in a computerized accounting system?
  5. accounting

    What is the purpose of the chart of accounts?
  6. accounting

    What are some internal controls related to cash?
  7. Finance

    Imagine the CFO of a company has asked you, the auditor, to review the internal controls for cash receipts and to evaluate its cash management of accounts. Prepare a one page letter to the CFO addressing the following questions: 1. …
  8. accounting

    The board of trustees of a local church is concerned about the internal accounting controls pertaining to the offering collections made at weekly services. They ask you to serve on a three-person audit team with the internal auditor …
  9. Accounting

    Identify internal control principles. (SO 2), C The internal control procedures in Phillips Company make the following provisions. Identify the principles of internal control that are being followed in each case. a. Employees who have …
  10. Brenau University

    To: From: Date: Subject: Observation Methodology: A. Description of internal control: (What did you observe?

More Similar Questions