Question: PCAOB Audit Standard No 5 AS5 paragraph 37 and Statement
“PCAOB Audit Standard No. 5 (AS5) paragraph 37 and Statement on Auditing Standard Section 319 (AU 319) paragraph 75 suggest that management, business process owners, and auditors prepare and analyze systems documentation to understand the flow of transactions through a process and to identify and assess the effectiveness of the design of internal controls. However, organizations, internal audit departments, and public accounting firms have developed their own methods for documenting systems. Therefore, I am not going to learn to prepare systems documentation until I know exactly what technique I will need to use in my job.” Do you agree? Discuss fully.
Relevant Questions“Because there are computer-based documentation products that can draw data flow diagrams and systems flowcharts, learning to draw them manually is a waste of time.” Do you agree? Discuss fully.A description of 14 typical information processing routines is given here, along with 10 numbered segments from systems flowcharts (Figure). Match the flowcharting segments with the descriptions to which they correspond. ...Construct a systems flowchart based on the narrative and the output from Problems 4- 4 through 4- 6. Use Microsoft Visio or other diagramming software.What is three-tier architecture? What are some of its advantages over two-tier architecture?This short problem is a continuation of SP 5-1. Implement the E- R diagram from SP 5-1 as tables in a database software package, such as Access. Once the tables are created, link the tables together in relation-ships. ...
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