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Decision makers in practice do not need a basic knowledge of how accounting information systems work because they can be relied upon to be accurate.

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Internal controls include policies to protect company assets and achieve compliance with laws and regulations.

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The basic components of an accounting information system include all of the following except:

A. Source documents.
B. Information storage.
C. Warehouses.
D. Information processors.
E. Output devices.

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Source documents:

A. Convert information to the system's processing component.
B. Are input devices.
Cannot be electronic files or web communications.
D. Store processed information for future use.
E. Provide the basic information processed by an accounting

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Which of the following is not one of the policies and procedures that make up an internal control system?

A. Guarantee a return to investors.
B. Promote efficient operations.
C. Urge adherence to company policies.
D. Protect assets.
Ensure reliable

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