You are the director of internal auditing at a university. Recently, you met with Issa Arnita, the

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You are the director of internal auditing at a university. Recently, you met with Issa Arnita, the manager of administrative data processing, and expressed the desire to establish a more effective interface between the two departments. Issa wants your help with a new computerized accounts payable system currently in development. He recommends that your department assume line responsibility for auditing suppliers’ invoices prior to payment. He also wants internal auditing to make suggestions during system development, assist in its installation, and approve the completed system after making a final review.
Would you accept or reject each of the following? Why?
a. The recommendation that your department be responsible for the pre-audit of supplier's invoices.
b. The request that you make suggestions during system development.
c. The request that you assist in the installation of the system and approve the system after making a final review.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
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Accounting Information Systems

ISBN: 12

11th Edition

Authors: Marshall RomneyPaul Steinbart

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