When an organization pursues SOC 1 compliance theyll be tested against the COSO Internal Control Integrated Framework. Accounting Information System refers to the computer-based method used by the companies to collect store and process the accounting and the financial data which the internal users of the company use to give a report regarding various information to the stakeholders of the company such as creditors investors tax authorities etc. Pin Page An Accountants Perspective 3 Chapter 2 Introduction to Transaction Processing 41 Chapter 3 Ethics Fraud and Internal Control 111 Part II Transaction Cycles and Business Processes 151 Chapter 4 The Revenue Cycle 153 Chapter 5 TheExpenditureCyclePartI. . IRM 1144 Personal Property Management. For the employees operating in the finance department using accounting information is usually part of their job description. Internal controls are a series of policies and procedures that a business owne