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The chapter discussed four types of flowcharts; flowcharts can impact the design, implementation and evaluation of an accounting information system. Determine whether each statement below is: (i) always true, (ii) sometimes true or (iii) never true.
A. A document flowchart should be used as part of developing an enterprise risk management plan based on the COSO framework.
B. A hardware flowchart can be a guide in recommending technology-related internal controls.
C. Because the "S" in AIS stands for "system," only systems flowcharts are useful in AIS work.
D. Program flowcharts are never relevant in accounting information systems.
E. Since most documents in an AIS are electronic, document flowcharts are rarely relevant in designing, implementing and evaluating accounting information systems.
Prearranging
Arranging funerals in advance of need. This process can include selecting merchandise, planning the service, determining the method of viewing and final disposition, and selecting persons to be involved in the funeral.
Prefunding
Legally committing money to pay for the funeral service.
Embalming
A process of preserving a deceased body to delay decomposition, typically involving the use of chemicals.
Funeral Expenses
The costs associated with conducting a funeral, which may include fees for a funeral home's services, burial or cremation, and memorial services.
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