In module 1 we have explored the chapter readings, the interactive lecture material, and the supplemental videos that relate to the topic of auditing and internal controls in an automated accounting environment.

Below is a list of some of the key terms we utilized:

access controls	general controls
accounting record	inherent risk
advisory services	internal auditing
application controls	internal control system
attest service	management assertion
audit objective	PDC control model
audit planning	presentation and disclosure
audit procedure	preventive controls
audit risk	reasonable assurance
Computer-Assisted Audit Tools and Techniques (CAATTs)	risk assessment
control activities	Sarbanes-Oxley Act 2002
control environment	segregation of duties
control risk	substantive test
corrective controls	tests of controls
Committee of Sponsoring Organizations (COSO)	transaction authorization
detection risk	verification procedure
detective controls

Choose two of the terms above and discuss the following in your initial post.

• Provide definitions for at least two of the terms and relate them to the content of our course.
• Provide a summary for how you have been introduced or exposed to these terms (or not) in your career thus far, and how you may envision future exposure. If you have not been exposed to a term, please provide a reason you feel it will become important to you.
• Compare and break down the terms you selected and relate them to one or more of the stated learning outcomes of the module.