Answer the following questions:Some people believe that an automated accounting system is always better than a manual system. Describe circumstances, and provide examples, where a manual system would be recommendable rather than automated solution.Provide an example of a business event. Explain how an enterprise system can provide the ability to share information and make the execution of business events efficient. Also, describe the various aspects of the business event that a company might want to capture from that event.To what extent should auditors be involved in the system design process of an accounting information system? Discuss the pros and cons of auditor involvement in the development an accounting information system.

1. Automated accounting systems are popular because they eliminate human error, yet manual systems…

Answered: Answer the following questions: Some…

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Answer the following questions:

Some people believe that an automated accounting system is always better than a manual system. Describe circumstances, and provide examples, where a manual system would be recommendable rather than automated solution.
Provide an example of a business event. Explain how an enterprise system can provide the ability to share information and make the execution of business events efficient. Also, describe the various aspects of the business event that a company might want to capture from that event.
To what extent should auditors be involved in the system design process of an accounting information system? Discuss the pros and cons of auditor involvement in the development an accounting information system.

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