For a Firm Considering AIS and IT Initiatives,accountants Can Play

question 33

Multiple Choice

For a firm considering AIS and IT initiatives,accountants can play an important role in which of the following ways?

• A)Testing business case controls.
• B)Memorializing the business case.
• C)Developing and reviewing the business case for the initiatives.
• D)Entering transactions into the new system.

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Definitions:

Damage Award

A monetary compensation ordered by a court to be paid to a person as reimbursement for harm or injury suffered.

Short-Form Merger

A process where a parent company merges with a subsidiary company without needing the approval of the subsidiary's shareholders.

Appraisal Rights

The rights of a corporation's minority shareholders to have a judicial assessment of the fairness of a proposed transaction, typically a merger or acquisition.

Parent's Minority Shareholders

Individuals or entities that hold a smaller, non-controlling percentage of shares in the parent company.