Accounting Information Systems and Internal Control

Eddy Vaassen is Professor of Accounting Information Systems at Maastricht University and the University of Amsterdam, where he is the director of the international Executive Master of Finance and Control program. He has co-authored various texts and papers on accounting information systems, internal control, management control and auditing. Roger Meuwissen is Professor of Control and Auditing and the vice-dean of education at the School of Business and Economics at Maastricht University. He is co-author of several textbooks on Internal Control and Accounting Information Systems.Caren Schelleman is an assistant Professor at Maastricht University. She develops, coordinates and teaches courses on Internal Control and Auditing at both undergraduate and graduate levels.

• About the Authors viiPreface ixPART I Foundations of Internal Control 11 Organizations and their Systems 32 Internal Control 273 Bridging the Gap between Internal Control and Management Control 574 The Dynamics of Control and IT 775 Documenting and Evaluating Internal Control Systems 119PART II Internal Control in Various Organizational Processes 1416 Organizational Processes 1437 The Purchasing Process 1498 The Inventory Process 1639 The Production Process 17510 The Sales Process 18711 Secondary Processes 201PART III Internal Control in Various Types of Organizations 21312 Typology of Organizations 21513 Trade Organizations 22914 Production Organizations 24715 Service Organizations with a Limited Flow of Goods 27716 Service Organizations that Put Space and Electronic Capacity at their Customers’ Disposal 29717 Service Organizations that Put Knowledge and Skills at their Customers’ Disposal 32118 Governmental and Other Not-for-profi t Organizations 351Bibliography 363Glossary 365Index 377