Control Measures for Accounting Information System

Running head: ACCOUNTING INFORMATION SYSTEM 1
Accounting information system
Name
Institution

ACCOUNTING INFORMATION SYSTEM 2
Abstract
The content of these term paper entails in details the control measures to be put in place by the
accountants or bankers in order to reduce the likelihood of errors occurring in times of the
transaction process and to prevent their occurrence again in the banking system.
The identified control measure to be undertaken by the financial in situation to avoid future
occurrence of such error includes the preventive internal control, detective internal control and
corrective internal control.
Preventive internal control
These are internal controls set aside by the management of the financial institutions like banks
to prevent occurrence of errors and irregularities in the near future. The management of the
financial institutions like banks where there is large transactions of money is required to design
some of the preventive internal control strategies to prevent occurrence of such errors like testing
for the clerical accuracy, backing up computer data and employees screening and training
programs. (Guo, Huang, Zhang & Zhou, 2015, pg. 1192).
Backing up of the computer data is very important to the financial institutions since in times
of software breakdown, all transactions done using that particular software can be retrieved from
the manually backed up data hence there will be no loss of useful transaction in formation.
Training of the employees based on professional practices they are required to perform which
enables the accountants and the cashiers to be more professional and keen while performing their
duties hence avoids transaction error cases.