Accounting Information system practice and its impact on accounting and audit reporting quality: Case Study in Awash Insurance Company S.C

Abstract

Now days, AIS is the most valuable and crucial assets of an organizations to maximize its profit and to determine the ongoing process of that organization. Any organizations should focus on developing information system in order to effective and efficient pass decision, communications of their information’s, knowledge of financial report qualities and others. Management in AIC based on information generated from the AIS employed by the company in order to assess effective and qualified financial accounting and audit reports. In addition to this the ways of recording, summarizing, audit and financial reports of AIC were brought to less optimal decisions. The study was to correct the gap among the users of AIS of AIC. The study determines the profit obtained and ongoing process of AIC, due to the integration of accounting information systems. In this study both primary and secondary data were used. Primary data was collected through questionnaires and the secondary data were taken from the company records and files. Generally the findings of this study indicated that Accounting Information practices play role in the accounting and audit report quality as well as effective decision-making mechanism and controlling activities of the company.