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‎All the requirements in word file (Code: A25/ 14 May 2020) Which subject: Accounting information systemIf there is any program to use : noCalculations or thury: calculation and thuryHow many words: for each thury quotation need around 250 and 300 words***********************‎‎Similarity less than 5\%turnintin report needed ais_ass3_2020_revised_copy.docx Unformatted Attachment Preview COLLEGE OF BANKING AND FINANCIAL STUDIES DEPARTMENT OF UNDERGRADUATE PROGRAMME B.Sc. in Accounting, Auditing and Finance ASSIGNMENT BRIEF Weightage:50 \% Student Name Semester Semester – 8 Year 2020 Assignment Title Accounting Information System Module Accounting Information System (UG001 AIS) Assessor: Start Date: 3/5/2020 Internal Verifier Due Date: 3/6/2020 Ms.Priya Gopal Ms. Samia Required Work, Format and Grading You must submit the following by the assignment due date: 1. Completed answers to each task, making sure that you fully address each of the outcome criteria. ▪ Answer all questions separately. ▪ Assignments without TURNITIN report will not be accepted. Resources: You need to demonstrate a confident application of the theories to the assignment task. The theoretical underpinning of your observations and deliberations should also demonstrate a good understanding of the subject by the way that your analysis is structured. You can access the Internet to research about the topic. You should demonstrate good academic practice by the appropriate use of academic texts and journals that are properly referenced. Guidelines and further information about assignment: Assignment must be submitted with the “Turnitin” report. If the report generated indicates a similarity index percentage of 20\% or more, a review of your assignment is necessary to ensure the same is reduced to less than 20\%. Student declaration: I certify that the work contained in this assignment was researched and prepared by me: Signature: ___________________________ Date: ___________________ Grades given are subjected to External Verification. No grades are Final The user ID and Password for submitting the soft copy of the report through TURNITIN is as follows: Class ID: 24322583 Enrolment Password: ais123 Submission time and date You should submit the assignment by the time and date mentioned otherwise a ‘NA’ will be awarded. Fill in the form cover and staple it with your assignment. Make sure that all the relevant details are complete. Assignments must be submitted by the due date. You may include diagrams, figures etc without word penalty. Plagiarism Writing Summary 1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer, but fail to state where you got the material from. You need to be also very careful about the amount of words you are using from somebody else’s work. 2. It can happen in any type of assessment where you are given the questions or tasks in advance. 3. If another student uses your work in his/her answer(s), both you and he/she will be punished when caught. 4. Punishments for committing plagiarism can be very severe. Details Plagiarism is a form of cheating in which students use the work of others and present it as their own. It may include all or any one of the following – 1. Copy extensively from the work of others (from sources such as books, magazines, journal, websites etc) and submit the work as your own. 2. Copy another students’ work and submit it for assessment under your own name. 3. Allow another student to copy your work and then submit it for assessment under their own name. What happens if you get caught? The examining body of CBFS may punish offending students in any manner that they deem fit. Typical punishments may range from reduction in grades, making students re-sit modules and even failing students on a module or an entire award. The college considers this form of cheating as a serious offence. Therefore be forewarned! 1. Currently no Al Madina staff have expertise in auditing. Al madina may (a) train some of its computer experts in auditing to staff its new internal audit feature, (b) recruit professional auditors and train them to understand Al madinas information system, (c) use a combination of the first two approaches or (d) seek a different approach. Which approach would you support, and why? (10 marks) 2. Mr. Thomas founded Techvantage, Inc. in 2002, a small, 75-employee company that manufactures and sells wireless keyboards and other devices to retailers from its Little Rock, Arkansas manufacturing plant. Techvantage saw a significant increase in revenue in its first 2 years in operation, and was unable to keep up with demand at current capacity. The company expanded its manufacturing facilities to succeed. The new plant expanded to 250 workers. Techvantage has paid little attention to the internal control procedures during this time of expansion. Recently systems issues and hardware failures have recently triggered a crash in the operating system. Mr. Thomasl was deeply worried that sensitive business information was printed on the printers due to these crashes.It has also removed essential digital documents from storage devices. Malicious programs like viruses, worms, and trojan horses plagued the organization, causing severe corruption in data. company has dedicated substantial funds and resources to repairing the harm done to its operating system.The system administrators and programmers have provided users with fairly free access to the operating system due to the need to get the job done, as well as for philosophical reasons.Restricting access has been found inhibiting enterprise and preventing recovery from network failures. An open approach was seen from the beginning as an easy and successful way of ensuring that everybody received the knowledge they needed to perform their jobs. Required a. What internal control problems do you find? 10 marks b. How can Techvantage improve internal controls 10 marks 3. Which control(s) would best mitigate the following threats? Discuss in detail (20 marks) a) The clerk typed in the customers account number as 45982 instead of 45892 while entering a broad credit sale. There was no such account number. The mistake was not found until later this week, when the weekly billing cycle was running. Consequently, the customer was not paid for another week, which delayed payment receipt. b) Two traveling sales members simultaneously accessed the Parts database. Salesperson A noticed that 55 units of part 723 were still available, and ordered 45 of them. While salesperson A keyed in the order, salesperson B also noted the availability of 55 units for part 723 in another state and placed an order for 33 of them.Both sales reps promised delivery to their customers next day.Nonetheless, the customer of Salesperson A discovered the next day that they would have to back-order the component. The customer canceled the deal, vowing to never do business with the company again Note : Clearly state your assumption wherever applicable in the given tasks. ... Purchase answer to see full attachment