Your supervisor has asked you to represent the accounting department on a project team charged with streamlining business processes to cut costs
Your assignment is to observe and document all current business processes as performed by accounting professionals. Some of your coworkers have approached you and asked if your job is to eliminate their jobs. What do you say? How do you communicate with your accounting colleagues what you are doing?
What will be an ideal response?
Streamlining business processes is also called business process reengineering. Business process reengineering may result in the elimination of redundant activities or addition of new activities. At the end the processes would run more efficiently. Therefore, positions are not necessarily positions eliminated. Business process reengineering may cause changes in job responsibilities or creation of new positions.
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The frequency with which losses occur and their severity are two key statistical measures for evaluating loss exposure
Indicate whether the statement is true or false
Auditors of ERP systems
a. need not be concerned about segregation of duties because these systems possess strong computer controls. b. focus on output controls such as independent verification to reconcile batch totals. c. are concerned that managers fail to exercise adequate care in assigning permissions. d. do not view the data warehouse as an audit or control issue at all because financial records are not stored there. e. need not review access levels granted to users because these are determined when the system is configured and never change.