Analyze how controls in an organization’s accounting information system mitigate risk
Overview For this project, you will focus on identifying and mitigating risks associated with an accounting information system (AIS). Using your knowledge of financial statements, you will review select financial statement accounts (general ledger accounts) of an organization that were processed through an AIS and identify any inconsistencies or anomalies among the financial accounts and subsidiary journals that could be an opportunity for risk. In your role as a professional accountant, you will experience internal and external controls within accounting information systems that will help mitigate risk.
Scenario You are a business analyst at a small direct-to-consumer organization and have been tasked with verifying the integrity of the accounts payable process. You will compare select general ledger data with other journals to prove the ledger, identify areas of risk, and determine whether appropriate internal and external controls are present. You will need to draft a memo to the chief financial officer (CFO) to communicate any findings.
Directions For this project, you will use select financial data provided in the Supporting Materials section to perform an analysis of the subsidiary and financial statement (general ledger) accounts to identify any account irregularities (red flags). You will review current internal and external controls using specific financial data to identify inconsistencies or anomalies that provide opportunities for risk. Then communicate any findings in a memo using the Project Two template found in the What to Submit section.
Specifically, you must address the following rubric criteria:
1.Analyze the state of the company's current financial controls. a.Use Posey’s Pet Emporium Accounts Payable Policies and Procedures and Accounts Payable Ledgers and Journals found in the Supporting Materials section. b.Include any internal or external controls found in the guide.
2. Identify inconsistencies and anomalies in controls. Include the following details in your response: a. Identify any discrepancies in the controls. b. Identify numbers that appear irregular (red flags). 3. Identify risks for potential fraud, stealing, or information exposure by reviewing the general ledger/journal numbers. Consider the following in your response: a.Determine whether established security procedures are being followed. b.Examine roles and access to data. c. Determine if approval paths meet the level of security for the task. 4. Explain the need for risk mitigation based on the scenario. Include the following details in your response: a. Identify inconsistencies or anomalies that require risk mitigation. 5. Summarize your findings based on your analysis. Include the following details in your response: a. Identify any inconsistencies or anomalies present. b. Explain the risks discovered.
Deberes Lengua Secundaria Online Category: Academic Writing, Editing, Essay Writing, Research Writing, Writing Budget: €250 - €750 EUR
05 Apr 2026 16:04 GMT
Microsoft Tenant Provisioning via CSP - Ongoing Work Category: Account Management, Cloud Computing, Microsoft, Microsoft 365, Microsoft Azure, Microsoft Exchange, Microsoft Office, Network Administration, System Administration Budget: £20 - £250 GBP
05 Apr 2026 15:58 GMT
Shoot Sleek Indoor Meta Ads Category: After Effects, Cinematography, Filmmaking, Photography, Video Ads, Video Editing, Video Production, Video Services Budget: ₹600 - ₹1500 INR
05 Apr 2026 15:55 GMT
Flag Football Highlight Reel Category: Adobe Premiere Pro, After Effects, Animation, Final Cut Pro, Video Editing, Video Post Editing, Video Services, YouTube Video Editing Budget: $10 - $30 USD
05 Apr 2026 15:53 GMT
Modern Text Logo Design Category: Adobe Illustrator, Photoshop, Graphic Design, Illustration, Logo Design, Typography, Vector Design Budget: ₹750 - ₹1250 INR
05 Apr 2026 15:52 GMT
Excel Text Data Entry Category: Data Analysis, Data Cleansing, Data Entry, Data Management, Data Processing, Excel, Excel Macros, Microsoft Office Budget: ₹600 - ₹1500 INR
05 Apr 2026 15:52 GMT
Blinkit Ads for Cat Litter Category: A / B Testing, Ad Planning & Buying, Advertising, Content Marketing, Digital Marketing, Google Adwords, Internet Marketing, Keyword Research, Marketing Strategy Budget: ₹600 - ₹1500 INR
05 Apr 2026 15:50 GMT
YouTube Productivity Video Editor Needed Category: Adobe Premiere Pro, After Effects, Audio Editing, Motion Graphics, Video Editing, Video Post Editing, Video Production, Video Services Budget: ₹600 - ₹700 INR
Create Comprehensive Project Brief Category: Article Writing, Business Analysis, Business Strategy, Business Writing, Content Writing, Copywriting, Ghostwriting, Project Management Budget: ₹750 - ₹1250 INR
05 Apr 2026 15:48 GMT
Custom Website or App Development Category: Full Stack Development, Graphic Design, PHP, UI / User Interface, User Interface / IA, UX / User Experience, Web Development, Web Design Budget: $250 - $750 USD
05 Apr 2026 15:46 GMT
Inspirational Recruitment Video Category: Animation, Creative Writing, Digital Marketing, Film Production, Marketing Strategy, Video Editing, Video Production, Video Services Budget: $1500 - $3000 USD
05 Apr 2026 15:42 GMT
AI-Generated Professional Portraits Category: AI Art Creation, AI Content Creation, AI Design, AI Image Editing, Graphic Design, Illustration, Photoshop Budget: ₹600 - ₹1500 INR
05 Apr 2026 15:42 GMT
Secure Asterisk GUI Panel Development Category: API Development, Graphic Design, Linux, PHP, User Interface / IA, VoIP, Vue.js, Web Development Budget: $250 - $750 USD
05 Apr 2026 15:42 GMT
Stata Analysis for Bank Risk-taking Dissertation Category: Data Analysis, Data Management, Econometrics, Financial Analysis, Regression Analysis, SPSS Statistics, Statistical Analysis Budget: £20 - £250 GBP
