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

Role of accountant, Role of Accountant The Accountant's Role Every ...

Role of Accountant The Accountant's Role Every year a lawyer who such handles client's money is used to created to the Law Society of US a report through a qualified accoun

Judgmental sampling, Judgmental Sampling Judgment sampling is where th...

Judgmental Sampling Judgment sampling is where the auditor using his own experience and knowledge of the client's business and circumstances selects the sample to be tested wi

What ethical and economic issues did the auditors consider, Blowing the Whi...

Blowing the Whistle on Former Partners On St. Patrick's Day in 1992, Chambers Development Company, one of the largest landfill and waste management firms in the United States, a

Types of audits, Types of audits As far we have tended to think in sta...

Types of audits As far we have tended to think in state of the audit of limited companies, and certainly, the emphasis during this text will be on that companies incorporated

Valuation of debtors, Valuation of Debtors Debtors are valued simple l...

Valuation of Debtors Debtors are valued simple like other assets at the lower of cost and total realisable value. Valuation of debtors is actually a consideration of where the

Reference to an expert in auditor’s report, Reference to an expert in audit...

Reference to an expert in auditor’s report When issuing an unmodified auditor’s report, the auditor must not refer to the work of the expert. This is because such a reference m

Mrs, what are the benefit of audit and its limitations

what are the benefit of audit and its limitations

Audit procedures -research and development , Audit Procedures -Research and...

Audit Procedures -Research and Development The auditor should ensure that: a) Any costs incurred in the buy of fixed assets in order to give facilities for development and

Importance of related party transactions, Importance of Related Party Trans...

Importance of Related Party Transactions Whenever the existence of about transactions and parties among such parties are considered ordinary features of business, the auditor

Standard defines development and research, Standard Defines Development and...

Standard Defines Development and Research The standard defines development and research as follows: (a) Research - planned and original investigation undertaken along with

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