Chapter 7,8,10 As system complexity and our dependence on them increase, companies face the growing risk of their systems being compromised. What are the threats a company faces? Or what are the threats to ais?

approach risk assessment in designing internal controls

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Chapter 7,8,10

7. Explain the use of effective supervision and responsibility accounting for better monitoring.

approach risk assessment in designing internal controls.

6. Explain the primary objectives of AIS according to AICPA.
According to the AICPA, an AIS has five primary objectives a. Identify and record all valid transactions. b. Properly classify transactions. c. Record transactions at their proper monetary valued. Record transactions in the proper accounting period. e. Properly present transactions and related disclosures in the financial statements.
7. Explain the use of effective supervision and responsibility accounting for better monitoring.

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