What is an Accounting Information System?
It is the combination of resources: people, procedures, and business records that a company maintains to provide financial data. This system should be developed to suit individual needs of each type of organization. An important part of the accounting information system is its internal control system. Internal controls are methods and procedures used by an organization to safeguard assets, authorize transactions, and ensure accuracy of the accounting records. Information system is described by James A. Hall as the set of formal procedures by which data are collected, processed into information, and distributed to users. He specifically defines the AIS as subsystems that process financial transactions and non-financial transactions that directly affect the processing of financial transactions. AIS and the Forensic Accountant In general, accountants are primarily involved with information system in three ways: 1. As system users 2. As system designers 3. As system auditors The SEC (Secur
