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What auditing professionals receive in return for this commitment to serve the public good through their work is society's trust
Create an information security strategy for the bank indicating how implementing this strategy will minimize the risk of the business systems being hacked.
Organizations contract or hire individuals with specific skills. Identify the internal and external processes used by auditors for the organization you choose.
Go to the Public Company Accounting Oversight Board (PCAOB) Website to review the internal control requirements.
It is good to highlight lack of transparency, accountability and fairness in transacting business as unconscious biases for Arthur Andersen as the auditor
Perform a safety audit of a workplace that includes hazard recognition, risk assessment, and control of physical, chemical and biological agents.
Demonstrate an understanding of the auditor's professional, legal and ethical responsibilities to their clients and third parties
In your opinion, which diagrams are more useful to an auditor, REA diagrams or data flow diagrams and flowcharts?
Discuss how REA diagrams might be useful to auditors in understanding a client's business processes. What if the client hasn't prepared them in advance?
Describe the concept of an ethics audit as a way to help implement an effective ethics program. Define the term ethics audit and explore its relationship.
There are risks for both of those groups that are not included in the IT or Audit department. Who do you exclude from the security audit?
What are your recommendations for conducting such an audit? What are the roles and responsibilities for the organization's staff regarding security?
Discuss the advantages of positive and negative confirmations, and ascertain whether or not email and oral confirmations are acceptable to increase customer.
determine the auditor's responsibility for each event after the audit report is completed. Support your position.
Examine at least two performance ratios that you would use in order to determine which analytical tests to perform.
In addition to ensuring financial statement accuracy, independent auditors are now required to review a company's internal controls and report their assessment.
Analyze the advantages and disadvantages of at least two sampling methods. Make a recommendation for the best method to sample accounts receivables.
Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing. Describe the five components and 17 principles of the COSO Framework.
Explain how an embedded audit module works and why auditors may choose not to use it. Determine the approach an auditor should consider instead.
Evaluate the inherit risk of employee access to funds and other assets, indicating how internal controls can minimize the risk. Explain your rationale.
In addition to ensuring financial statement accuracy, independent auditors. How might these new policies help prevent financial statement fraud from occurring?
Identify at least one risk factor related to auditor business risk, and one related to client business risk.
Outline the critical steps inherent in planning an audit and designing an effective audit program. Analyze the balance sheet and income statement of company.
Create an argument whether an auditor concerned with appropriate segregation of duties would use a data flow diagram or system flowchart.
Discuss the type of audit procedure that would produce the most reliable evidence for that account balance. Defend your position.