Question 2 Modifying information, performing data analysis and ensuring that adequate internal controls are in place, are all part of any Accounting Information System (AIS). These processes facilitate management decision making. One of the roles of an accountant is to provide management with useful information. From an accountant's perspective, consider the information and data analyis processes, and controls, below, and answer the related questions. Required a Most accountants interact with databases through data entry, data processing, querying or auditing. Explain the benefits of databases to organisations. What role can accountants play to ensure database integrity? As a guide, write about one-half of a page. [5 marks] Many companies outsource all, or some, of their information systems to third party specialists. While outsourcing offers many benefits, including allowing companies to focus on what they do best, and often lowering costs, it also comes with a range of disadvantages and risks. Discuss the main disadvantages and risks of outsourcing a company's information systems, explaining why it is relevant for accountants to be aware of these. As a guide, write about one-half of a page. [5 marks] c As experts in internal control, accountants are interested in how fraud is carried out in companies. Fraud may be undertaken by both employee and manager groups. Explain how the characteristics of fraud as carried out by each of these two groups differ, and how the motivation for fraud varies for the two groups. What recommendations would you suggest to prevent each of these two kinds of fraud in a company in which you worked? As a guide, write about a page. [10 marks] 1 The use of extensible Business Reporting Language (XBRL) has become influential for fast and efficient communication of business information. Use of XBRL for transfer of financial information is compulsory for some circumstances in many nations, including in the UK, the US, Singapore and Spain. While the Australian Government invited comment in 2012- 2013 on XBRL, its use is not mandatory in Australia