Answer the following questions from the textbook, Accounting Information Systems by James A. Hall (9th Edition), in your own words (if you include quotes, follow-up with your own words) and provide a unique example to support your response:
Chapter 8 Discussion Questions: 2, 4, 19
Note: When responding to the Discussion Questions:
1. Include a 2-3 sentence answer for each question.
2. Hit enter twice and type "EXAMPLE:"
3. Provide an example from your place of business, home life, the news, or an example you found on the internet.
Question 2
Discuss the various sources of data for the Financial Reporting System (FRS) output and how these data are processed into output and how these data are processed into information (output) for the different external users.
Question 4
Ultimately, is the purpose of an audit trail to follow a transaction from its input through its processing and finally to the financial statements, or vice versa? Explain your answer.
Question 19
Comment on the following statement: “More information is always preferred to less; you can never have too much information.”
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