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Airline Comments

Your accounting firm has been retained by Orbits to review its accounting systems and internal controls. You must: 1) Create data flow diagrams and system flowcharts for the purchase, payroll, fixed assets, and sales order subsystems. 2) Analyze the internal control weaknesses for each subsystem using the six COSO control categories. 3) Discuss the importance of supervision controls in receiving and reasons for blind fields on receiving reports.

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146 views

Airline Comments

Your accounting firm has been retained by Orbits to review its accounting systems and internal controls. You must: 1) Create data flow diagrams and system flowcharts for the purchase, payroll, fixed assets, and sales order subsystems. 2) Analyze the internal control weaknesses for each subsystem using the six COSO control categories. 3) Discuss the importance of supervision controls in receiving and reasons for blind fields on receiving reports.

Uploaded by

mbrant17
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Your public accounting firm has been retained to document Orbits accounting system and review its internal

controls. Your task is to: a. Create a separate data flow diagram for each major subsystem described here (purchase, payroll, fixed assets, and sales orders). b. Create a separate system flowchart for each major subsystem. c. Analyze the internal control weaknesses of each major subsystem. Model your response according to the six categories of physical control activities specified in the SAS 78/COSO control model. Discuss the importance of supervision controls in the receiving department and the reasons behind blind fields on the receiving report, such as quantity and price. CH 6 # 5 Discuss some specific examples in which information systems can reduce time lags and how the firm is positively affected by such time lags.

Reducing time lags can help a company better manage their Like this article, which explains how embedded devices should be used simultaneously with remote management systems. By What is the difference between segregation of duties and segregation of functions? Segregation of duties: individual level: expense report needs to be signed off to higher manager Segregation of functions: sales order processing: credit authorization Five things not to do on airplanes---CNN.com If the person in front of me reclines into my space is it okay for me to knee/kick the back of their seat? -I always carry a plastic bag for that purpose. Just put it over the head of the person in front of you and hold it tight. After about 3-4 minutes you can put the seat back where it belong. Works every time. (Hint: Best done during a night flight). Another thing is most people do not have an interest in your toe rings and especially when you have placed your feet on my arm rest across the aisle awaking me with the smell. A few years ago on a trip to Austria from the States we had a little boy unsupervised running the aisle every five minutes hitting people on the arms as he ran past while they were trying to sleep. This ended when a guy across the aisle

from me stretched just at the right time and the kid ran face first into his forearm sending him back to his parents crying. I wish airlines would do something about the small children the vocal chords of death metal musicians. Also, if you let your kid go with the screaming just understand that you're a good reason abortion is legal. Bathe before you get on a airplane. I always seem to be paired next to the man that smells like he's never showered in his life.. -Funny you mention that. When I am pre-boarding in the terminal, I look for the largest person. I then know where I am sitting. broad

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