ACC 574 Assignment 5 - Comprehensive Audit Plan

For the hot topic in emerging issues identified in Assignment 4, identify a company in that industry and respond to the following questions. Consider the concepts covered in the course material and in anticipation of issuing a qualified audit report. Write a five to seven (5-7) page paper in which you:

1. Make      recommendations on the requirements for the feasibility study and discuss      the pros and cons for the design of SDLC with a recommendation for an optimal      time frame for each stage.
2. Make      recommendations for the optimal computer operating system to address the      emerging issue.
3. Discuss      the internal control considerations, and identify issues and risk      mitigation strategies.
4. Recommend      an optimal revenue and expense cycle to capture transactions, including      documentation requirements.
5. Determine      what future issues could impact the design of the SDLC and discuss the      design features in your proposed SDLC that could be modified to address      those issues.
6. Use      at least three (3) quality resources in this assignment. Note: Wikipedia      and similar Websites do not qualify as quality resources.

Your assignment must follow these formatting requirements:

• Be      typed, double spaced, using Times New Roman font (size 12), with one-inch      margins on all sides; citations and references must follow APA or      school-specific format. Check with your professor for any additional      instructions.
• Include      a cover page containing the title of the assignment, the student’s name,      the professor’s name, the course title, and the date. The cover page and      the reference page are not included in the required assignment page      length.

The specific course learning outcomes associated with this assignment are:

• Assess      the impact of the Sarbanes-Oxley Act and other regulatory requirements on      the ability of public accounting firms and professionals’ ability to      provide advisory services.
• Evaluate      the conceptual framework model that links general controls, application      controls, and financial data integrity, and the sufficiency related to      establish internal controls.
• Use      technology and information resources to research issues in emerging      auditing technologies.
• Write      clearly and concisely about emerging auditing technologies using proper      writing mechanics.