Single Assignment Study Guide Image
ACC 491 Week 5 Individual Study Guide Ch. 11 & 13 Textbook Exercises – PaperScholar Study Aids
Guide Last Updated: January 8, 2016
Rated 4.56 stars, based on 12 votes rating

 

ACC 491 Week 5 Individual Study Guide Ch. 11 & 13 Textbook Exercises –

ACC 491 Week 5 Individual Study Guide Ch. 11 & 13 Textbook Exercises –

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.