art (b). The system experts perform the design and implementation phases of the system development life cycle. However, the accountant’s role in these phases cannot be ignored. Comment on the statement

Which of the following is not a component of internalcontrol?a. Environmental assessmentb. Control activitiesc. Information and communicationd. Monitoring activities

1. Please explain main points of Docket 046: Quality Control (PCAOB). 2. What is/was the major focus of that standard - setting project concerning standard - setting activity? 3. Why does the subject matter to accountants and auditors in the future? 4. What was the result or conclusion reached (if the standard has been issued already), or what seems to be the main direction of the standard - setting project as of the date you reviewed it? 5. How might practitioners apply the article's recommendations or strategies in the real world of the auditing profession?

Audit teams use the test data method to gain certain assurances with respect toa. Input data.b. Machine capacity.c. Control procedures contained within the program.d. General controls

Q3. Auditing involves the following except___   a. Systematic process b. Objectively obtaining evidence c. Assertions and established criteria d. Investment decisions

Which activities are performed in a change management audit? a) Assessment of the "design" of the change management controls b) "Operating effectiveness" testing of change approvals c) Assess source code management d) All of the above

Auditors identify and assess the risk of material misstatement at these two levels Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a Financial Statement level and Information Process Goals level b Financial statement level and Operations Process Goals level c Information Process Goals level and Operations process goals level d Financial Statement Level and Relevant Assertion Level

Both external auditors and accountants engaged in implementing or updating systems need a basic understanding of accounting information systems. Compare the needs of the two groups, identifying the areas where both need the same kind of understanding and the areas where one group has essentially different needs.

1.Explain the importance of internal controls to auditors and management.