1. a. Why are documentation, visualization, and business process mapping important to accounting information systems auditors? b. Why should accountants be interested in AIS documentation? 2. How are data analytics tools helping accountants and auditors? 3. a. Explain why auditors’ communication skills are so important. b. Give examples of where these skills would be necessary in each phase of an audit engagement. c. In this age of high technology and computer-based information systems, why are accountants/auditors concerned about physical (human) controls?

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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a. Why are documentation, visualization, and business process mapping important to accounting information systems auditors?
b. Why should accountants be interested in AIS documentation?

2. How are data analytics tools helping accountants and auditors?

a. Explain why auditors’ communication skills are so important.
b. Give examples of where these skills would be necessary in each phase of an audit engagement.
c. In this age of high technology and computer-based information systems, why are accountants/auditors concerned about physical (human) controls?

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