Improving Transactional Processing in AIS Research Paper

Improving Transactional Processing in AIS - Research Paper mannikinPurposes of Compliance Checks/Checking Systems a) Enforcement to enforce lodge administrative policies, criminal statutes or both. b) Educational to warn, educate and identify processes, departments or employees that are not meeting required standards. Implementing Compliance Checks/Checking Systems Employees, departments and various are made aware that configuration checks will be conducted at different times annu aloney. They are also informed about effectiveness penalties for lagging behind in the uplifting and maintenance of invoice regulations, standards and requirements (Williams & Spaul, 2011). If employees and personnel keep flaunting or move short of accounting standards, the company ignore issue citations either to departments or specific people. These citations stipulate actions that may be taken to address such matters and how they will be addressed so that normal operations are maintained. Importa nce of Compliance Checking Systems In many companies, maintaining germane(predicate) accounting standards is a huge challenge. Employees and company officials may find it easier to come up with compliance checks than to maintain them. Compliance checking systems ensure that all relevant and appropriate standards are maintained as is necessary. Compliance checking systems may be the most effective and efficient method for enforcing rules, regulations and other stipulations concerning or relating to accounting standards. Recent studies have shown that compliance checking systems are effective. Two studies set up that following the implementation of compliance checking systems, operations became more efficient and effective and employees found it so some(prenominal) easier to meet set targets without having to struggle (Bagranoff, 2008). In one company, for example, operational efficiency increased from 10% to 28% from 28% to 10% following the introduction and implementation of com pliance checking systems. In another company, there was an warm increase in the levels of compliance (12% to 29%). In addition to this, a national survey revealed that 66% of companies approve of compliance checking systems and policies (Williams & Spaul, 2011). Compliance checking systems provide a way through which employees and companies can police themselves. This is in addition to providing a source of motivation, participation and support that can greatly enhance overall accounting operations. Considerations for Implementation If compliance checks are not implemented well, they may be legally challenged by employees, suppliers and vendors who can claim unlawful entrapment. Successful compliance checking systems steer clear of tactics that may be viewed as entrapment. (Gelinas, 2010). Apart from this, compliance checks and checking systems should be carried out, implemented and reviewed regularly in order to prevent laxity and a drop in standards. Companies that carry out chec ks at least twice a year score an average efficiency and compliance rate of 60%, which is good for business and efficiency. b) Cash Disbursements Systems Objectives of Compliance Checking Systems hold the following a) Maintaining security of all cash held and received on a companys premises. b) Banking all cash that are received intact every day c)