What options do you have to obtain assurance

Assignment Help Auditing
Reference no: EM131155449

An audit client has engaged a third party service organization to host its payroll software package on servers located at the service organization. What options do you have to obtain assurance about the controls embedded in the payroll application?

Reference no: EM131155449

Questions Cloud

Explain the hedging strategy using future contracts : Explain the hedging strategy using future contracts that you could undertake to protect your cash flow from currency fluctuations.
What does dialogue look like on the onlineforums selected : In this section you will dive into your data and describe what you find. What does dialogue look like on the onlineforums you have selected? How is gender represented or signified in the video games you analyzed? You will want to provide good de..
Find the laplace transforms of the functions : Find the total transfer function of the block diagram - Find the Laplace transforms of the functions
Negative impact on the company bottom line : Building on the topic above, determine how diversified the company you research could become before it created a negative impact on the company's bottom line. Explain your rationale.
What options do you have to obtain assurance : An audit client has engaged a third party service organization to host its payroll software package on servers located at the service organization. What options do you have to obtain assurance about the controls embedded in the payroll application?
Empower others instead of doing it all yourself : Do you know what your strengths are and where you would empower others instead of doing it all yourself?
Describe the purpose of a systrust assurance : Describe the purpose of a SysTrust assurance services engagement.
Compute the full-load speed : A 10-hp, 250-V shunt motor has an armature circuit resistance of 0.5 Ω and a field resistance of 200 Ω. At no load, rated voltage, and 1200 r/min, the armature current is 3 A. At full load and rated voltage, the line current is 40 A, and the flux ..
List the five trust services principles : List the five Trust Services principles and explain whether a WebTrust licensed CPA can report on an entity's compliance with those principles individually or in combination.

Reviews

Write a Review

Auditing Questions & Answers

  Discuss auditing and other current guidance in area

Animal sponsorships may not be invoiced due to incomplete data transfer between the sponsoring and invoicing departments.

  Identify the weaknesses in the stocktake procedures

Identify the weaknesses in the stocktake procedures above and identify how they could be improved and describe audit procedures to ensure the accuracy of the summary of property plant and equipment.

  Savings plan contributions made to ineligible accounts

AFR Company's internal audit function recently completed an audit of the Company's various employee benefit plans. The internal auditors' working papers contain the following audit observation

  Auditors perform tests of long term

should auditors perform tests of long term notes payable transactions after the balance sheet date?

  Wal-mart control mechanisims

Identify four types of control mechanisms (ways controls are applied) used in Wal-Mart organization. Compare and contrast these control mechanisms. Determine the effectiveness of these control mechanisms.

  Auditing standards require the auditor to obtain

1.Auditing standards require the auditor to obtain an understanding of the entity and its environment as a basis for assessing the risks of material misstatements.

  What you consider to be the key inherent risk factors

What is the inherent risk - Identify what you consider to be the ‘key' inherent risk factors that could have an impact on the audit of Dick Smith

  Money laundering-major scandal for the bank

Analyze the money laundering issue that caused a major scandal for the bank. What was the problem with the AML programs? How did the regulators fail at first?

  How might dells external auditor respond to concerns

How might Dell's external auditor respond to concerns about the quality of governance at Dell? Given the SEC settlement, should Dell's board have an independent chair?

  Identify the weaknesses in the stocktake procedures

ACC707 Auditing & Assurance Services. You attended the inventory count of your client Davis Hydraulics Ltd. You observed the following during the count. Identify the weaknesses in the stocktake procedures above and identify how they could be improved

  What steps would take to investigate suspected embezzlement

What steps would you take to investigate this suspected embezzlement? As a first step in your investigation, would you interview Jane about the problem? Why or why not? How would you conduct Jane's admission-seeking interview in order to be most effe..

  Identify procedures on the audit program

Probability-proportional-to-size method with your analysis from part (a) to evaluate your sample's results. The risk of incorrect acceptance is 5 percent.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd