Individualassignment Week Two

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Individual Assignment Week Five Chapter 11 Learning Check: 11-6. 11-8, and 11-9 Gabriella Goodfield ACC/491 July 30, 2012 Dwayne Thompson Individual Assignment Week Five Chapter 11 Learning Check: 11-6. 11-8, and 11-9 11-6 A. Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing. 1. Assessing control risk based on user control: In many cases, the client may design manual procedures to test the completeness and accuracy of transactions by the computer. 2. Planning for a low control risk assessment based on applications controls: In order to execute this strategy, the auditor should: A. Test the computer application controls. B. Test computer general controls C. Test the manual follow-up of exceptions noted by application controls. 3. Planning for a high control risk assessment based on general controls and manual follow-up.. This is explains itself better then describing. B. Identify two strategies that might be used to support a low control risk assessment. Discuss the difference between the two strategies. The questions asks us to indentify two strategies that could be used in a low control risk assessment. The two I will use are the User Controls and the Application Controls. 1. User Controls will use design manual procedures to test completeness Also, the auditor can test the controls directly, similar to testing other human controls. This strategy can have a low risk control since it is being done by humans C. Discuss a third audit
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