Video: Introduction to Enterprise and Accounting Information Systems

In this lesson, Nick Palazzolo, CPA, unpacks the essentials of enterprise and accounting information systems, focusing on their integration into business processes and financial reporting. He explains the application of the COSO internal control framework to assess and manage risks, especially those associated with emerging technologies like blockchain. Nick delves into the real-world functionalities of ERP systems and other software like Salesforce, emphasizing how these technologies enhance operational efficiency and data integrity. By exploring topics suchas robotic process automation, outsourcing, and system changes, Nick demonstrates how strategic modifications to accounting information systems (AIS) can improve performance. Additionally, he covers the importance of aligning documented procedures with actual business practices and highlights the significance of SOC 2 engagements and the trust services criteria in ensuring the processing integrity of these systems. Get ready to dive into the dynamic and rapidly evolving landscape of accounting information systems with a clear, structured approach.