CAATs such as Test Data, Parallel Simulation, Integrated Test Facility (ITF), and Embedded Audit Module (EAM) enable auditors to gather and analyze audit evidence to test the adequacy and reliability of financial information and internal controls in computerized environments. Auditors use Computer Assisted Audit Techniques (CAATs) to extract financial data from the system for achieving the audit objectives. With automation, there is a little audit trail for the transactions and it is crucial to verify the information and assess the operative and design effectiveness of the internal controls. To support all the processes and maintain complete and accurate financial records, businesses are investing in Enterprise Resource Planning Systems which automate the processes and present real-time records for effective decision making. That way, the study can help bring the resources to students who may find it helpful later after graduation, and for planning their future.ĭepartment of Accounting, Economics, and Finance, Framingham State UniversityĪuditing of Enterprise Resource Planning Systemsĭue to the rapid growth of businesses, there is a significant increase in processes and operations. We would also like to know what their opinions are, on what type of resources and teaching methods would appeal or benefit them the most. By distributing surveys, we hope to hear from the students themselves, what their past experiences are like when it comes to financial education in any form. The purpose of this study is to learn more information about the financial education needs of college and university students. Some learn formally, but the offerings in many public schools are not intensive, and it may not be enough. Everyone learns these financial habits and knowledge through their families and friends growing up. Young people are taking on large amounts of debt as well as expensive costs of living in certain major cities. While Americans across the country need help and resources for different reasons, college students and graduates may especially need financial education because of the piling student loan debt. This is whether they are dealing with debt, habitual spending, budgeting, or other problems. The majority of Americans, especially young people are having trouble financially. Department of Accounting and Finance, UMass BostonĬollege Students and Money: Financial Literacy Needs and Options for College Students
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