Discussion

  

1. What are threats to inventory within the production cycle (both threats to physical inventory and the data related to inventory)? What specific controls does an AIS offer to help prevent or at least detect these threats?

2. What is a payroll master file? Describe the types of errors that may occur in the master file and how they get there. How would you design payroll procedures to help prevent them?

3. How can the payroll module of an AIS be breached? What controls should be set up to help prevent this? 

4. Is XBRL the accepted financial reporting language around the world? Are there any countries that are not on-board with XBRL?

5. Is a company liable to investors if they report inaccurate XBRL data?

6. what does “block tagging” mean? Give an example.