What factors do you believe are most likely to impact senior
management’s selection of one strategy (e.g., solo venture,
M&A) to increase shareholder value over the alternatives? Be
specific.
In your opinion, how might the conditions of the business (e.g.,
profitability) and the economy affect the choice the strategy?
Explain what is meant by ‘Computer Assisted Audit techniques
(CAATs)’ and describe their major categories Distinguish between
‘General controls’ and ‘Application controls’ in a computerized
environment. 28. In IT systems, application controls share a number
of common features regardless of the particular application
involved. These common features can be categorized as: ? input
controls (controls over input data) ? processing controls ? data
file controls ? controls over the output from the system (output
controls). Required: Discuss these common features
what the impact of a specific technology on auditing.
Provide a description of the technology, an explanation of its
current and potential future impact on auditing, and a suggestion
of how auditing and auditors can better adapt to the changes
brought about by the technology.
Technology Description: Provide a brief description of
the technology you chose.
Impact on Auditing: Provide an explanation of the current impact
of the technology on auditing and its potential future impact.
Support your analysis...