W2Q5
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School
Southern New Hampshire University *
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Course
645-X1635
Subject
Information Systems
Date
Feb 20, 2024
Type
docx
Pages
2
Uploaded by StudentAmbitiously
Perez, CPA, has been asked by a nonpublic company audit entity to perform a nonrecurring engagement involving implementing an IT information and control system. The entity requests that, in setting up the new system and during the period prior to conversion to the new system, Perez « Counsel on potential expansion of business activity plans. « Search for and interview new personnel. « Hire new personnel. - Train personnel. In addition, the entity requests that, during the three months subsequent to the conversion, Perez « Supervise the operation of the new system. « Monitor entity-prepared source documents and make changes in basic IT-generated data as Perez may deem necessary without the concurrence of the entity. Perez responds that he may perform some of the services requested but not all of them. Required: a. Which of these services may Perez perform, and which of them may Perez not perform? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Services that Perez may perform: o Counsel on potential expansion plans. Search for and interview new personnel. o Train personnel. o [ Hire new personnel. (V] O Supervise the operation of the system. O Monitor entity-prepared source documents and make changes in basic IT-generated data without the concurrence of the ° entity. Services that Perez may not perform: (] O Counsel on potential expansion plans. [ search for and interview new personnel. (4 O Train personnel. o Hire new personnel. o Supervise the operation of the system. Monitor entity-prepared source documents and make changes in basic IT-generated data without the concurrence of the ° entity. b. Before undertaking this engagement, Perez should inform the entity of all significant matters related to the engagement. What are these significant matters that should be included in the engagement letter? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.)
The scope° 9 The role of all personnel The approacl © The manner in which results are to be <:ommuni<:atedo The timetable° The feeo o O Counsel on potential expansion plan5.° o [m} Supervise the operation of the system O Train personnel
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