paper

Running Head: Monitoring and Auditing AIS 1

Monitoring and Auditing AIS 2

Monitoring and Auditing AIS

Student’s Name

Institutional Affiliation

Abstract

E-commerce has taken up a large percentage of different companies as they try to maximize their profits and performances. Accounting Information System (AIS) is an accounting information system that is used to collect, store and process financial related data. This is carried out in line with the information technology resources that are used to improve the performances and reduce labor force. Different organizations have applied and benefited from the accounting information systems commercially in terms of the performance and accuracy. Conclusively, there is a need for most companies to facilitate the integration and the use information techniques to better their accounting and financial data collection, storage and processing.

Monitoring and Auditing AIS

E-commerce has incorporated the use of technological systems with an aim of improving performance operations of companies. Accounting Information System (AIS) is an accounting information system that is used to collect, store and process financial related data. This is carried out in line with the information technology resources that are used to improve the performances and reduce labor force.

Accounting Information System (AIS) has been used widely in the E-commerce to carry out a number of tasks and facilitate the improvement and the application that is aimed at ensuring they obtain the best and maximize on a wider perspective (Gillis, 2020). These developments that have been carried out on the accounting systems have enhanced the collection, storage and processing of accounting and financial data. Most organizations aim at facilitating ensuring that they employ and adopt the use of information technology to benefit from it in the long term success of the company. Additionally, it has been noted that there has been a norm that the accounting systems have helped in providing quality accounting and financial information that has streamlined the e-commerce sector (El-dalabeeh, 2019). Also, there has been an increment on the flexibility and the ease of access of information in the systems that have fore seen the better financial analysis. Accounting Information Systems have also incorporated the new trends in application of the information systems and this has led to the improvement of the commercial transactions in the e-commerce sector. For instance this includes the use of electronic invoices between different companies and this has facilitated the norm that is well applied in the event of ensuring that there is a faster job relativity applied (Andrea, 2018).

The versatility and the diversity of the database systems and operating systems have helped the accounting information systems in carrying out the collection, storage and the processing of accounting and financial data in most corporations. This includes the use of the first entry and double entry systems that have made it easy to process the accounting and financial data. The systems are integrated and this has led to the use of the improved computer systems that have facilitated the analysis and the processing of financial data for different corporations globally (Arvin, 2018). Similarly, the application and the use of integrated information technology systems has enhanced that there is a better chance of the application of the databases and operation systems of high quality to execute these tasks.

Moreover, different companies have taken their e-commerce business to a wide variety and this has led to them to be forced to carry out auditing process at the end of every financial year. The auditing makes companies to be considerate of the risks, profit margins as well as areas of improvement in the other current market. The audit process is carried either internally or externally depending on the companies’ policies and laws. Computer assisted audited techniques and continuous auditing is carried out with an aim of facilitating strong work connection. The assisted techniques are advantageous because of high processing speed and accuracy. This enhances quality data collection, storage and analysis (Alles, 2020. Also, the models that have been incorporated in the audit assisted techniques have led to better techniques to facilitate accounting processing.

Conclusively, accounting information systems have transitioned the e-commerce sector and also have led to the improvement of the techniques that have been applied to carry out accounting and financial tasks. Also, there have been better mechanisms that have been applied with an event of ensuring that there is need for organizations to use the information systems that are aimed at improving them commercially.

References

Alles, M. (2020). AIS-Ethics as an Ethical Domain. International Journal of Digital AccountingResearch, 1-29.

Andrea Nespeca, M. S. ( 2018). The Impact of Business Intelligence Systems on Management Accounting Systems: The Consultant’s Perspective. In Network, Smart and Open (pp.283-297). Springer, Cham.

Arvin, M. (2018, october). Retrieved from cosmos: https://compliancecosmos.org/effective-auditing-and-monitoring-your-compliance-program dnsstuff. (2020, june). Retrieved from dnsstuff: https://www.dnsstuff.com/audit-management-software

El-dalabeeh, A. e.-R. (2019). THE IMPACT OF ACCOUNTING INFORMATION SYSTEMSDEVELOPMENT ON IMPROVING E-COMMERCE IN THE JORDANIAN PUBLICSHAREHOLDING INDUSTRIAL COMPANIES. Academy of Accounting and FinancialStudies Journal, 1-11.

Gillis, U. S. ( 2020, July). Retrieved from https://www.irs.gov/irm/part1/irm_01-004-002

Kusserow, R. P. (2017, February). Retrieved from Strategic Management Services: https://www.compliance.com/resources/compliance-officers-responsibility-ongoing-auditing-monitoring-high-risk-areas