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Accounting Systems and Assurance Course

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Added on  2020-05-16

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Accounting Systems and Assurance The course Accounting System and Assurance mainly focus on the approaches and techniques used for auditing an accounting information system (Romney & Steinbart, 2014). According to the American Accounting Association, an information system is developed with the purpose to analyses the effectiveness and adequacy of the control system internally (Romney & Steinbart, 2014). The course also helped me to gain knowledge about the data assurance which is related to protecting the confidentiality and integrity of the financial information associated with the computer system

Accounting Systems and Assurance Course

   Added on 2020-05-16

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Accounting Systems and Assurance
Accounting Systems and Assurance Course_1
The course Accounting System and Assurance mainly focus on the approaches and techniquesused for auditing an accounting information system (Romney & Steinbart, 2014). Theapproaches are preliminary written from the view point of an internal examiner. The course offermethodology for analyzing control internally in information model. According to the American Accounting Association, an information system is developed withthe purpose to analyses the effectiveness and adequacy of the control system internally (Romney& Steinbart, 2014). This course provide effective learning regarding internal audit. By goingthrough a deep research I learned that the internal audit chapter assist in assigning duties whichare to be carried out by different personnel in the organizations. The course also helped me togain knowledge about the data assurance which is related to protecting the confidentiality andintegrity of the financial information associated with the computer system and databases. Inaddition to this it also ensure the accessibility of the data and information to its official users.This helps the company to perform critical and accurate reporting of accounts so that it supportsthe decision making systems. I get to know data both the accountants and auditors areresponsible for a proper and systematic control over the strategic assets (Romney & Steinbart,2014). The course also states that the external auditors also hold an accountability ofcommenting on the correctness of the accounting information and actions which are according tothe code of ethics. From the research about the course I found that accounting informationsystem is concerned with the assurance of reliability and safe use of information and still this israpidly increasing with the growing development of internet. During my study I also observed that there are three types of audits normally performed withinthe company. These are financial audit which evaluates the integrity and reliability of records onthe basis of which financial statements are prepared. The operational audit is concerned with theefficient and economical use of the available resources in order to achieve the targeted goals ofthe company. Another is the information system audit which reviews the application control inaccounting to evaluate the compliance with internal policies. To perform an audit systematically and successfully the course offers four stages that is 1planning of audit 2 collecting the evidence of audit 3 Analyzing the evidence of audit 4communicating the results of audit. While performing an audit; there are certain risk whichoccurs and required to be mitigated for successful completion of audit (Romney & Steinbart,
Accounting Systems and Assurance Course_2

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