Accounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Question
Chapter 7, Problem 19RQ
Summary Introduction
To distinguish: The preventive, detective, and, corrective control plans.
Introduction:
It is an information structure which collects and manages data of an organization which can be utilized by analysts, managers, and other decision making authorities of an organization.
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Give an example of a preventive control.
Determine the similarities and differences between the detective and preventive internal controls and which control is more reliable and effective, detective or preventive internal control? Explain your answer.
Identify and explain the cost controls utilized by Managed-Care health plans
Chapter 7 Solutions
Accounting Information Systems
Ch. 7 - Describe organizational governance.Ch. 7 - Prob. 2RQCh. 7 - Describe the eight elements of ERM.Ch. 7 - Describe and compare risks and opportunities.Ch. 7 - Prob. 5RQCh. 7 - Prob. 6RQCh. 7 - Prob. 7RQCh. 7 - What is COSO?Ch. 7 - Prob. 9RQCh. 7 - Prob. 10RQ
Ch. 7 - Prob. 11RQCh. 7 - Prob. 12RQCh. 7 - Prob. 13RQCh. 7 - Prob. 14RQCh. 7 - Prob. 15RQCh. 7 - Prob. 16RQCh. 7 - Prob. 17RQCh. 7 - Prob. 18RQCh. 7 - Prob. 19RQCh. 7 - Prob. 1DQCh. 7 - Prob. 2DQCh. 7 - Prob. 3DQCh. 7 - Provide five examples of potential conflict...Ch. 7 - Prob. 5DQCh. 7 - Prob. 6DQCh. 7 - Prob. 7DQCh. 7 - Prob. 8DQCh. 7 - Prob. 9DQCh. 7 - Prob. 1SPCh. 7 - Match the concept in List 1 with the definition or...Ch. 7 - Match the concept in List 1 with the definition or...Ch. 7 - Prob. 4SPCh. 7 - Prob. 1PCh. 7 - Prob. 2PCh. 7 - Prob. 3PCh. 7 - Prob. 4PCh. 7 - Prob. 6P
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Similar questions
- Describe the effects of risk planning on risk evaluation and treatment.arrow_forwardGive an example of a corrective control.arrow_forwardUsing the flowchart provided below, identify control problems, related risks of the problem and corrective actions to mitigate the risk. Format: Problem Risk Controlarrow_forward
- Define control risk and detection risk. What is the difference between control risk and detection risk?arrow_forwardDefine the key elements of prospective payment and its impact on health care at a facility.arrow_forwardDistinguish between inherent risk and control risk. How do internal controls affect inherent risk and control risk, if at all? What is the role of detection risk?arrow_forward
- What are self-interest threat, self-review, and advocacy threats? Give an example of each threat.arrow_forwardDiscuss the objectives of the risk management process. Why should you follow a regimented and well defined process?arrow_forwardINTERNAL CONTROL Examine the flowchart below and determine any control threats. Specifically discuss the control problems, the possible dangers, and any corrective procedures you would recommend.arrow_forward
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