Determine the risks of updated accounting information system

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Problem

You are an independent consultant hired by Penmen Groceries. They are looking to modernize their business and incorporate more current technology into their accounting information system. The current accounting information system is computerized, but the system is over 15 years old and has not been updated in at least five years. They want you to analyze their current system and offer options based on what is available now and what requirements they have to follow when upgrading their system. Create an AlS audit presentation using a PowerPoint presentation slide deck with speaker notes outlining your analysis of the business's current accounting information system and options for modernizing the system. Distinguish the purpose of an accounting information system for a business or an organization. Based on the client profile, evaluate relevant technological trends for accounting information systems that could be used to modernize the current system. Get the instant assignment help. Based on the client profile, determine the risks and efficiencies of an updated computerized accounting information system. Include the following in your response: Impact on an organization's financial reporting. Effect on overall business operations. Based on the client profile, outline the advantages and disadvantages of using a service organization.

Reference no: EM133931860

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