pos

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A majority of the economic transactions in which you participate on a daily basis are currently accounted for by some sort of Point of Sale (POS) information system. From buying groceries to going to a casino, POS systems are being used to track and control all aspects of both financial and operations management.
Conduct research to answer the following:

 

  1. What is a point of sale system?
  2. In your opinion, does a point of sale system increase or decrease the likelihood that cash will be stolen by employees? Explain.
  3. What additional features of a traditional POS system are likely to be beneficial to conducting a professional audit?

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