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Test Bank for Accounting Information Systems 9e Ulric Gelinas Richard Dull Patrick Wheeler

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Test Bank for Accounting Information Systems 9e Ulric Gelinas Richard Dull Patrick Wheeler-1. The three themes of the text are operating systems, e-business, and internal control. True False 2. In a... n assurance service the accountant will provide the original information used for decision making. True False 3. Information systems reliability and electronic commerce have been identified by the AICPA as potential assurance services. True False 4. E-business is the application of electronic networks to undertake business processes among the functional areas in an organization. True False 5. The role of the accountant has evolved to include non-financial information and information technology. True False 6. Enterprise systems integrate an organization's business processes and information from all of an organization's functional areas. True False 7. An information system consists of an integrated set of computer-based and manual components established to provide information to users. True False 8. Internal control is a process that provides complete assurance that the organization is meeting its objectives, such as efficiency and effectiveness of operations and reliable reporting. True False 9. The Sarbanes-Oxley Act of 2002 has dramatically changed the daily work of financial accountants and auditors. True False 10. According to the Sarbanes-Oxley Act of 2002, management must identify, document, and evaluate significant internal controls. True False 11. According to the Sarbanes-Oxley Act of 2002 and PCAOB Auditing Standard No. 5, management must audit and report on auditors' assertions about the organizations' systems of internal controls. True False 12. According to the Sarbanes-Oxley Act's Section 409, material changes in the organization's financial condition must be disclosed to the public on a rapid and current basis. True False 13. The Sarbanes-Oxley Act's Section 404 creates changes in both how companies document and evaluate internal control and how auditors audit and report on internal control. True False 14. Sarbanes-Oxley Section 404 compliance is a major line of business for the biggest accounting firms. True False 15. The Sarbanes Oxley Act of 2002 applies to publicly traded companies and not-for-profit entities. True False 16. Historically the purpose of an accounting information system is to collect, process, and report financial aspects of business events. True False 17. The MIS is a subsystem of the AIS. True False [Show More]

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