1. Why is it important for managers to evaluate internal controls?
2. Explain how each of the following can be used to control the input, processing, or output of accounting data: (1) edit tests, (2) check digits, (3) passwords, (4) activity listings, and (5) control totals.
3. Describe how an auditor might use through-the-computer techniques such as test data, an integrated test facility, parallel simulation, or validation of computer programs to accomplish audit objectives relative to accounts payable ???????
4. Three methods for implementing a new system in an organization are direct conversion, parallel conversion, and modular conversion. Discuss the advantages and disadvantages of using each of these three systems implementation methods.
5. How would you define