Describe cloud computing and explain how it is similar to obtaining commodity products? Why is it important to organizationally separate the accounting function from the other functions of the organization? what is an external financial audit, and what are the sources of audit evidence? Why do firms outsource their IT functions? Explain the options of traditional IT outsourcing and cloud computing, and how they differ.

Accounting Information Systems
10th Edition
ISBN:9781337619202
Author:Hall, James A.
Publisher:Hall, James A.
Chapter1: The Information System: An Accountant’s Perspective
Section: Chapter Questions
Problem 19DQ
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  1. Describe cloud computing and explain how it is similar to obtaining commodity products?
  2. Why is it important to organizationally separate the accounting function from the other functions of the organization?
  3. what is an external financial audit, and what are the sources of audit evidence?
  4. Why do firms outsource their IT functions? Explain the options of traditional IT outsourcing and cloud computing, and how they differ.
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