Chapter 12, Problem 12.6DMP

All of the following are reasons why IT is important to accountants except: a.IT questions often appear on professional certification examinations b.The costs of IT are skyrocketing c.Accountants often help clients make IT decisions d.Auditors must evaluate computerized systems

Why it is important for internal controls to be maintained: a. Safeguard assets (from fraud or errors) b. Preserve the accuracy and integrity of the accounting data c. Promote operational efficiency d. All the answers are correct

Data transcription is best described as: a. An important way to limit fraud and embezzlement b. Labour-intensive and time-consuming c. Always necessary in AISs d.An efficient process   Why it is important for internal controls to be maintained: a. Safeguard assets (from fraud or errors) b. Preserve the accuracy and integrity of the accounting data c. Promote operational efficiency d. All the answers are correct   All of the following are reasons why IT is important to accountants except: a. IT questions often appear on professional certification examinations b.The costs of IT are skyrocketing c.Accountants often help clients make IT decisions d.Auditors must evaluate computerized systems