MIS in Accounting and How It Has Been Affected by SOX

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It will describe the financial applications through Enterprise Resource Planning. It will explain what happened with the Arthur Andersen and Enron scandals and how it affected all publicly traded companies’ internal controls through the Sarbanes-Oxley Act of 2002. The advantages and disadvantages will be covered as well as recommendations in making it better.

MIS in Accounting and How It Has Been Affected by SOX

Many accounting firms use a subsystem of Management Information Systems (MISs) called Accounting Information Systems (AISs). AISs are essentially the design, implementation, and monitoring of information systems combined within the practice and study of accounting. There are two major applications within MISs that make up the heart of an AIS: financial applications and human resource applications. However, for the purpose of this research paper, I will mostly be covering the aspects of the financial applications and how the Sarbanes-Oxley Act of 2002 (SOX) ...

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the AISs compliance with current internal control and financial reporting standards. The internal control and financial standards have certainly changed dramatically over the last few years mostly due in part to the wave of corporate crime at the beginning of the 21st Century.

History of Information Systems in Accounting

Arthur Andersen, LLP

In 2002, it was revealed that Arthur Andersen, LLP, a Chicago based accounting firm, was involved with fraudulent accounting and auditing of several well-known companies such as Sunbeam Products, Waste Management, Inc., WorldCom, and more commonly known, Enron. Andersen was convicted of obstruction of justice for shredding ...

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