Text: Modern Auditing (8th edition) Services and The Integrity of Financial Reporting; William C. Boyton and Raymond N. Johnson
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 non-statistical or a statistical sample for tests of controls. Identify the professional judgments that must be made associated with each step.
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