11-6 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 conventional test data approach and the integrated test facility approach? b. In lieu of traditional testing, what approaches can be used in on-line entry/on-line processing systems? 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
Download Full Answer: Click HERE
Modern Auditing 8th Edition
MODERN AUDITING
ASSURANCE SERVICES AND THE
INTEGRITY OF FINANCIAL REPORTING
EIGHTH EDITION
William C. Boynton
Raymond N. Johnson
John Wiley & Sons, Inc.
