List the steps involved in selecting and evaluating a

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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.

11-8 What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?

11-9 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?

13-8 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: EM13586420

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