Your firm of accountants has been the auditors of Leather Merchants Limited, a company that exports both
Question:
Your firm of accountants has been the auditors of Leather Merchants Limited, a company that exports both raw and semi-finished leather products to European and Asian markets. The company has decided to introduce a comprehensive computer system to manage its
accounting and administrative functions.
Required:
a) Outline the practical difficulties you would encounter as an auditor as a result of the proposed introduction of a computerized accounting system.(10 marks)
b) Explain how you would overcome the difficulties identified in (a) above. (5 marks)
c) Identify and explain the benefits that the company would derive as a result of putting in place a comprehensive computerized accounting system.(5 marks)
Business and Administrative Communication
ISBN: 978-0073403182
10th edition
Authors: Kitty o. locker, Donna s. kienzler