Question: Specify why each statements are False. Explain. In an assurance service the accountant will provide the original information used for decision making. Knowledge of Microsoft

Specify why each statements are False. Explain.

  1. In an assurance service the accountant will provide the original information used for decision making.
  2. Knowledge of Microsoft Access was identified as one of the ten most important 2006 technological challenges and opportunities facing CPAs.
  3. Internal control is a process that provides complete assurance that the organization is meeting its objectives, such as efficiency and effectiveness of operations and reliable reporting.
  4. According to the Sarbanes-Oxley Act of 2002, management must audit and report on auditors' assertions about the organizations' systems of internal controls.
  5. The Sarbanes Oxley Act of 2002 applies to publicly traded companies and not-for-profit entities.
  6. The MIS is a subsystem of the AIS.
  7. Sales/marketing information system is traditionally part of the AIS.
  8. The management process includes marketing and sales.
  9. Information about a customer's credit history that is received after the decision to grant additional credit lacks completeness.
  10. Generally, the benefits obtained from improved information are easier to measure than the costs of obtaining those benefits
  11. The most important information for Tactical management involves information about the organization's environment
  12. Strategic management requires more detailed information than operations management.
  13. Middle management requires information that is more accurate and timely than strategic management.

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