Eric and Gloria Were Recently Hired as Entry-Level Accountants for RSP

Essay

Eric and Gloria were recently hired as entry-level accountants for RSP Corporation.They had the following conversation about their duties and responsibilities.Eric: I'm really excited to have this job; I've wanted to work in this industry for a couple years now.Gloria: I completed an internship with RSP last year, and I can tell you it's a terrific place to work.Eric: I wonder what kinds of things we'll be doing in our first few months.Gloria: Well, I can tell you some of the things I did during my internship.I helped input data for the corporate tax return in TaxEasy; I also developed initial estimates of bad debts based on an analysis of credit sales.And, I downloaded cost and budget information from the AIS so I could calculate cost variances.Eric: That's quite a diverse group of tasks for an intern! I was hoping to be able to work with RSP's internal audit department at some point; I hear they are the ones in charge of investigating potential fraud in the company.Gloria: Really? How do they know where fraud might exist? Eric: Well, the company has a dedicated phone line employees can call when they suspect fraud may be occurring; the internal auditors listen to those calls, then determine which cases they should investigate.Also, internal auditors analyze spending patterns throughout the company; if they see a sharp increase in spending, they investigate it further.Required: Analyze Eric and Gloria's conversation for tasks that require human judgment and/or information technology.List five examples of such tasks in the space provided below.For each task, indicate whether it involves human judgment, information technology or both.