Reference no: EM13170182 , Length: 2900 Words
The assignment aims to develop an understanding of Accounting Information Systems structure and their use in the business setting. The task is to answer questions relating to transaction processing, ethics, fraud and internal control. This assignment itself includes several assignments, each of which comprises a part of the students' task. However, it is well encouraged to include any additional information that students may think will be useful in completing the task.
General Rules and Requirements:
Note: Any additional material from external sources that you "copy and paste" into your report is
NOT included in the word limit. Also, ensure it is appropriately referenced.
PART A
1. How does SOX affect the provision of attest and advisory services? (5 marks)
2. Compare and contrast the relative advantages and disadvantages of sequential, block, group, alphabetic and mnemonic codes. 3. Discuss the non accounting services that external auditors are no longer permitted to render to audit clients under SOX legislation. (5 marks)
4. Identify six classes of physical controls employed in the expenditure cycle and give one example of each.
Sarbanes oxley Act for above Question
PART B-Case Study
Part B1 Case Study
Ethics, Fraud and Internal Control
Bern Fly Rod Company
Required:
Analyze Bern's situation and asses any potential internal control issues and exposures. Discuss some preventive measures this firm may wish to implement.
Part B2 Case Study
Chapter 4
The Revenue Cycle
Spice is Right Imports (Stand-Alone PC-Based Accounting System)
Required:
1. Analyse the physical internal control weaknesses in the system. Model your response according to the six categories of physical control activities specified in the COSO internal control model.
2. Describe the IT controls that should be place in the system.
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State photoheterotrophic microorganisms that use photoenergy
: Photoheterotrophic microorganisms that use photoenergy, but depend on organic matter as a carbon source, are abundant and widespread
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Calculate the concentration of the hydronium ion
: calculate the concentration of the hydronium ion in a solution prepared by mixing equal volumes of .050 molar HOCL and .020 molar NaOCl
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Estimated factory overhead costs
: Determine by what percentage revenue is expected to increase and develop costing for the product units to explain the manufacturing expenses that the proposed product will require in the first year of production.
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Explain draw the structure of the alkyne
: An alkyne of six carbon atoms gives the same single product in its reaction either with BH3 in THF followed by H2O2 /OH-, or with H2O/Hg2
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Analyse the physical internal control weaknesses
: Analyse the physical internal control weaknesses in the system. Model your response according to the six categories of physical control activities specified in the COSO internal control model.
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Explain the chloride was treated with silver nitrate
: A metal, M, was converted to the chloride, MCl2. Then a solution of the chloride was treated with silver nitrate to give silver chloride crystals, which were filtered from the solution.
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Compute the electrostatic energy of the system
: Calculate the electrostatic energy of the system and compare this energy to the Hydrogen atom in its ground state.
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How many grams of carbon dioxide will form
: If 1.00 g sodium bicarbonate and 1.00 g citric acid are allowed to react, how many grams of carbon dioxide will form?
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Find what is the partial pressure of argon
: A 1- flask is filled with 1.45 of argon at 25 . A sample of ethane vapor is added to the same flask until the total pressure is 1.30 .What is the partial pressure of argon, , in the flask?
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