Answered: Discuss the benefits and threats of…

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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IFMIS has been instrumental in prudent and transparent use of public resources through increased visibility of financial transactions by the Government. It has also made it possible for integration with other government agencies hence enabling cross referencing of data which has greatly reduced any opportunities for fraud.

Discuss the benefits and threats of advancements in communications technology on this essential government accounting systems for disbursing funds.

2. With your knowledge of AIS what are the controls and mitigation measures to avert

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