Strategies for testing internal controls

Reference no: EM13762849

(Strategies for Testing Internal Controls)

1. Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.

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

3. What is the difference between the conventional test data approach and the integrated test facility approach?

4. 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: EM13762849

Questions Cloud

Calculate the number of new customers : A local dental practice decides to run a Groupon campaign. The campaign offered $350 worth of dental services (such as teeth whitening) for $145. For the total campaign, 255 coupons were sold. Calculate the number of new customers.

Why do auditors find it necessary to use sampling : Why do auditors find it necessary to use sampling? What are the risks associated with sampling? How might these risks affect the audit conclusion?

Write a paper for education and development sectors : write about 500 words paper for one of the following sectors: Health, Education, Trades and Labour, International Business, Development, Tourism, Settlement and Immigration Services and First Nations.

Create an array of boat objects : Create an array of Boat objects. You should populate the array with as many boats as you have customers (since we assume one boat per customer), entering information into all fields of the Boat object.

Strategies for testing internal controls : Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.

Polymorphism concepts : Explain polymorphism concepts in java

Problem related to foreign tax credits : Your client is a U.S.-based company that owns a foreign subsidiary. Your client understands that there are foreign tax credits of which they may be able to take advantage. Based on the e-Activity, recommend a strategy to optimize the use of foreig..

Ecological theories to explore this co-existence : Write a reflective commentary The course concepts are evident in all of the readings--you just have to look carefully and with an open mind. Consider the following in making your reading choice.

Calculate the weekly staffing required at 40 hours per week : Create the Excel spreadsheet shown in Figure 1-18 to calculate the weekly staffing required, at 40 hours per week, for production levels of 200, 300, 400, and 500 units

User Account

All Pages