ACC 491 Week 5 Complete Contemporary Auditing 1

ACC 491 (Contemporary Auditing 1)

Week 5

Week 5Assignments:

Audit Sampling Case  (1500+ Words)

Week 5 Summary

(Strategies for Testing Internal Controls)

11-6 a. Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.

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?

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.