IDEA auditing software edition 8, Auditing

Assignment Help:
The first work you do in IDEA IS SECTION 2.5. The accounts receivable folder that you are instructed to select on page 25 is a folder that you are to create previously on page 23. The data path specified in 2.5.1 on page 23 is just a recommended path. You can create a folder called "IDEA" anywhere (I recommend creating it on your desktop so you can find it easily). Once you create the IDEA folder, you need to create another folder within that one and call it "Accounts Receivable." This is where you will be saving all of the IDEA files for this project. Once these two folders are set up, you need to copy the two files specified on page 23 from the IDEA CD and paste them into your Accounts Receivable folder.

Once you have all of the above completed, then revisit the instructions on page 24 and 25 and you should be able to navigate to the Accounts Receivable folder that you created (it will be found within the IDEA folder that you also created) and select it as the Working Folder.

To successfully complete this project:

1. Walk through and complete the process described in Chapter 2, related to the analysis of an accounts receivable database and other IDEA functionality. Approximately 11 files are generated from this process. Keep them in one directory and follow the remaining instructions for uploading the completed assignment.

2. Write a one-page narrative in MS Word that documents the audit and data analysis processes that you employed using IDEA and that explains the audit findings presented in 2.17 (these are your “check figures” or the answers you should arrive at upon completing the assignment). For example, you may have some customers who were not approved for credit.

3. For each audit finding, insert a screenshot into the narrative that supports your finding and/or comments.

4. Compress and zip your 11 IDEA files and your narrative (that includes screenshots) into one file with the naming format: last name first IDEA.zip. Upload the .zip file to your Assignment Folder in Blackboard. This assignment should take no longer than 3 hours.To compress and zip files in Windows 7, locate the desired files on your computer (use either Windows Explorer or My Computer), select each file that you want to include in the .zip by holding CTRL and clicking on the file. Right-click and on the Menu that appears select Send To, Compressed zipped) File. The compress file will generate in the folder from which you are working. Rename the file according to the format above. Note: you may select files with different extensions (ie .doc, .xls) to include in your .zip file.

Related Discussions:- IDEA auditing software edition 8

What do you meant by proactive project management, Question 1: What do ...

Question 1: What do you meant by Proactive Project Management? Define Proactive Project Management Bring out significance of Proactive Project Management with an exa

Audit of current assets, Audit of Current Assets Verification of Wor...

Audit of Current Assets Verification of Work and Stocks in Progress Authoritative documents: IAS 2/ISA 500/501 IAS 1 Preparation of financial statements requires inv

Tds, how to operate distribute amount and section rate also provision party...

how to operate distribute amount and section rate also provision party bill

Internal control, Ask question #MA. Evaluate the strengths and weaknesses o...

Ask question #MA. Evaluate the strengths and weaknesses of preview Company''s control environment B. What factors in Preview company''s control environment have led to and facilit

Accounting principles - intangible assets, Accounting Principles - Intangib...

Accounting Principles - Intangible Assets IFRS 3 prescribes the financial reporting through an entity whenever it undertakes a business combination. A business combination is

Business risk approach, Business Risk Approach This approach requires t...

Business Risk Approach This approach requires the auditor to determine what are the very important business risks which the client faces. This line of approach both helps the c

Steps in critical thinking principle, Step 1: Determine learning objective...

Step 1: Determine learning objectives. Considering the importance of a course, its placement in a program of study, and its role in providing a base of knowledge to be built upon

Permanent audit file, Permanent Audit File The permanent audit file mig...

Permanent Audit File The permanent audit file might include, inter alia: a) A copy of the enterprise's statutes and other legal or statutory documents governing the enterpri

Types of audits, Types of audits So far we have tended to think in term...

Types of audits So far we have tended to think in terms of the audit of limited companies, and indeed, the emphasis throughout this text will be on such companies incorporated

Ifrs 5 non-current assets, IFRS 5 Non-Current Assets IFRS 5 Non-Curren...

IFRS 5 Non-Current Assets IFRS 5 Non-Current Assets Held for Discontinued and Sale Operations The Discontinuing Operation is a component of an enterprise: (a)  Such the

Write Your Message!

Captcha
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