Flowcharts Can Impact the Design, Implementation and Evaluation of an Accounting

question 17

Essay

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.Accounting information systems have five generic elements; a flowchart can be an example of at least one of the elements.
b.All aspects of an AIS should always be represented in a single flowchart of no more than three pages.
c.Flowcharts are required if a company wants to use the COSO internal control framework.
d.Flowcharts are useful to auditors.
e.Flowcharts can be used as part of a business process management project for an AIS.

---

Definitions:

Violent Outbursts

Sudden and intense expressions of violence, often uncontrolled and aggressive.

Wide Discretion

Refers to having a broad scope of judgment or choice available.

Professionalism

The conduct, aims, or qualities that characterize or mark a profession or professional person; often involving competence, skill, and adherence to ethical standards.

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.