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. Share with your friends: