Audit - Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.

Please see attached file for full problem description. 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 conventi... click for more

Auditing procedures and processes

This posting contains an APA formatted MS Word file containing information in regards to the responsibilites of an auditor in the performance of their duties; including their responsibility for discovering of subsequent events occurring after completion of fieldwork but before issuance of the audit report, and what must be done when such an event occurs and is appropriately reflected in the financial statements.

Problem 12.37 - Various Report Situations.

This file answers various report situations. Including such situations as: 1. What kind of opinion should the auditors write for each separate case? 2. What other modification(s) or addition(s) to the standard report is (are) required for each separate case?

GAAS Catagory of Standards

This file contains a formatted MS Word file containing an explanation for and an example of the GAAS Category of Standards.

Multiple Choice questions on Auditing Categories and Standards

This file contains a formatted MS Word file containing multiple choice questions on the subject of Auditing Categories and Standards