List the steps involved in selecting and evaluating a

Assignment Help Accounting Basics

Reference no: EM13579965

1.a. Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.
b. Identify two strategies that might be used to support a low control risk assessment. Discuss the difference between the two strategies.
c. Discuss a third audit strategy that might be used to assess control risk at a high level. Explain why this strategy will not support a low control risk assessment.

2.What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?

a. What is the difference between the conventional test data approach and the integrated test facility approach?
b. In lieu of traditional testing, what approaches can be used in on-line entry/on-line processing systems?

3.List the steps involved in selecting and evaluating a nonstatistical or a statistical sample for tests of controls. Identify the professional judgments that must be made associated with each step.

Reference no: EM13579965

Questions Cloud

The management of kunkel company is considering the : the management of kunkel company is considering the purchase of a 40000 machine that would reduce operating costs by

Rocky mountain corporation makes two types of hiking : rocky mountain corporation makes two types of hiking boots-xactive and the pathbreaker. data concerning these two

Verona pizza is a small neighborhood pizzeria that has a : verona pizza is a small neighborhood pizzeria that has a small area for in-store dining as well offering takeout and

Accounting information service discussion 91 please explain : accounting information service discussion 9.1. please explain. from the point of view of the customer what is the

List the steps involved in selecting and evaluating a : 1.a. briefly describe three strategies for testing internal controls when information technology is used for

Roberts corporation and william company continuing project : roberts corporation and william company assume instead that on january 1 2009 roberts corporation acquired 80 percent

A traditional not agresti-coulls two-sided confidence : a traditional not agresti-coulls two-sided confidence interval for the proportion of people who support mr. green in an

Presented below is a condensed version of the comparative : presented below is a condensed version of the comparative balance sheets for sondergaard corporation for the last two

Prepare the journal entry to record the capitalization of : on december 31 2011 hurston inc. borrowed 4080000 at 13 payable annually to finance the construction of a new building.

User Account

All Pages