The Use of Information Systems and Accounting
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Please click on the link above or copy and paste and summarize the main points in the article. Also, state whether this particular use of spreadsheets is a weakness or strength from an internal control standpoint.
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Solution Summary
This solution summarizes the article from the link provided, and states whether this particular use of spreadsheets is a weakness or a strength from an internal control standpoint. A comprehensive discussion is provided.
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Discussion for your question:
Spreadsheets can be a strength or a weakness, but in itself, is neither. The predominant issue is the internal controls surrounding the use of spreadsheets. In the professional accounting field, spreadsheets are oftentimes used as a standalone tool or used as part of an accounting program. The internal controls would be stronger, on average, if the spreadsheet is part of an accounting program. The internal ...
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