Question: Please review each picture and answer the below. Reference the first picture for the exact format of each question 6 C - 1 through 6
Please review each picture and answer the below. Reference the first picture for the exact format of each question C through C
LO C Planning information for the audit of Keystone Computers & Networks Inc. appears in this appendix.
Review each major section of the audit plan and briefly describe the purpose and content of the section.
Organize your solution in the following manner:
LO C In the overall audit strategy for the audit of Keystone Computers & Networks Inc. in this appendix, there is a
section on significant risks. For each of the risks, identify the implications and potential responses.
LO C The overall audit strategy for the audit of Keystone Computers & Networks Inc. in this appendix includes a
section on significant accounting and auditing matters. The second matter described involves capitalizing
the costs of developing a software program for sale.
a Research this issue and write a brief memorandum for the working papers describing the issue and
summarizing the appropriate method of accounting for the development costs.
b Based on your research, describe the major audit issue that you believe will be involved in auditing the
software development costs.
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