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Contractors must either have the system re-audited or face the risk of the new accounting systems status being regarded as not evaluated in.
What are the problems faced in computerized accounting system. Biased or incompetent employees may affect the data. Software users are worried about the security of their data as they are accessible by foreign parties. Problems faced by companies that are using accounting software for their businesses Lack of security.
The research may not provide absolute solution for these problems but will try to reduce some likely errors which may be created or affect the Auditor during audit. COs run great risk by accepting outdated audit reports of accounting systems when the accounting software which is an integral part of the overall systems control mechanism has changed. Almost every year more than 60 experience a major failure in controlling the security and integrity of computer information systems.
The study was carried out to show the importance Ghanaian banks confer on comput-erized banking technology the extent to which this technology is being employed and. The findings of the study indicated that though computerized accounting systems have impact on cash management the relationship is weak sending an overall negative signal to the stake holders and management that computerized accounting alone cannot fully manage institutional cash but also strengthening other means because there are some activities which cannot be detected by computers such as. Ahmed Qaalib Ismail DECLARATION I Ahmed Qaalib Ismail declare that this.
This project is designed to identify how computer can be effectively to carry out accounting information system were consulted as well as textbooks journals newspaper and previous project before this project could be written. Challenges and Opportunities of Computerized Accounting System Ahmed Qaalib Ismail BCom BIT RegNo. Ie visual observation of the processing is denied.
The cost benefit which an organization will benefit from using a computerized accounting system will include the organization benefiting from the account of the organization not having errors like in the case of using manual system. Disadvantages of Computerized Accounting System. Accounting systems there was a need for a system which could store and process.
Technology and its increasing application in accounting information system has resulted to more risk exposures faced by business organizations particularly risks associated with computer crimes and frauds in addition to audit trail absence. Transactions and increase in exposure of information to errors due to complexity of these. The computerized auditing system however created its own problems which hinders the Auditor from discharging his responsibilities.
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