ACC 491 Week 5 Individual Study Guide Ch. 11 & 13 Textbook Exercises -
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Resources: Ch. 11 & 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting
Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting:
Ch. 11: Learning Checks 11-6, 11-8, & 11-9
11-6 a. 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?
Ch. 13: Learning Check 13-8
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.
ACC 491 Week 5 Individual Study Guide Ch. 11 & 13 Textbook Exercises www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-491-week-5-individual-assignment-ch-11-13-textbook-exercises-7/
Instantly Download!
Instantly Download! Get Better Grades in Less Time!
100% Satisfaction Guarantee
DESCRIPTION FOR THIS STUDY GUIDE:
TUTORIAL: This tutorial includes 5 pages of questions with solutions. A+++ WORK!
Resources: Ch. 11 & 13 of Modern Auditing: Assurance Services and the Integrity of Financial Reporting
Prepare written answers to the following assignments from Modern Auditing: Assurance Services and the Integrity of Financial Reporting:
Ch. 11: Learning Checks 11-6, 11-8, & 11-9
11-6 a. 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?
Ch. 13: Learning Check 13-8
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.
ACC 491 Week 5 Individual Study Guide Ch. 11 & 13 Textbook Exercises www.paperscholar.com DIRECT LINK TO THIS STUDY GUIDE: http://www.paperscholar.com/acc-491-week-5-individual-assignment-ch-11-13-textbook-exercises-7/
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