ACC 425 Project Two Template (1)

I need help with a and b

I need help with B, C, D on the attached assignment

a. Explain the advantages of using GAS to assist with IT audits, and give five examples of how it may be used. b. Describe the audit purpose facilitated and the procedural steps to be followed when using the following CAATTs: 1. ITF 2. EAM 3. Parallel simulation

Match the two lists, below, by placing the capital letter from List 1 in each of the cells preceding the five descriptions in List 2 to which they best relate. One description in List 2 can be answered with 2 matches from List 1. Therefore, you should have 2 letters left over from List 1. List 1: Concepts A. Application (i.e., automated) control. B. Corrective control. C. Control environment. D. Input validity. E. Input completeness. F. Input accuracy G. Update completeness. H. Efficient use of resources. List 1: Capital letter List 2: Definitions/Descriptions 1. Insurance policy reimburses a company for losses due to a fire in a warehouse. 2. Shipping notices have a serial number that is tracked to ensure that they are all input. 3. Computer reviews each input to ensure that all the required data are included. 4. Inventory movements are tracked with a scanner to reduce manual counting. 5. Purchase orders are signed to approve the purchase.

Case 7.1 Anne Aylor Inc. Determination of Planning Materiality and Performance Materiality by Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt   Please answer what is required number 1 and 2   REQUIRED [1] Review Exhibits 1 and 2; audit memos G-3 and G-4; and audit schedules G-5, G-6 and G-7. Based on your review, answer each of the following questions: [a] Why are different materiality bases considered when determining planning materiality? [b] Why are different materiality thresholds relevant for different audit engagements? [c] Why is the materiality base that results in the smallest threshold generally used for planning purposes? [d] Why is the risk of management fraud considered when determining performance materiality? [e] Why might an auditor not use the same performance materiality amount or percentage of account balance for all financial statement accounts? [f] Why does the combined total of individual account performance materiality commonly exceed the…

Question 13 Cross-referencing: 1. Is equivalent to the PCAOB management assertion of completeness. 2. Makes it easier for the reader to follow an auditor's workpapers. 3. Refers to the tick marks used in workpapers. 4. All of the above. O 4 O 3 O 2 O 1

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1. Choose three of the following five technologies/techniques and explain why you think it is helpful in accounting analytics based on your lab experience in this course. Use some examples in your explanation. Limit your answer to 500 words in total. A. XBRL B. Tableau C. VLOOKUP function D. Pivot table E. Regression

Which of the following statements is true?   Question 50 options:   Exporting a report is useful for changing report formats.   Importing the balance sheet is required before printing financial statements.   Exporting an income statement requires a separate software package.   Journal entries can be imported from an excel spreadsheet.

As the user company's external auditor, which SOC report will you require your client to obtain? Multiple Choice SOC1 Type 2 report. SOC 2 Type 1 report. SOC 3 Type 2 report. SOC 2 Type 2 report.

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