PART A (20 marks)
1. How does SOX affect the provision of attest and advisory services? (5 marks)
2. Compare and contrast the relative advantages and disadvantages of sequential, block, group, alphabetic and mnemonic codes. (5 marks)
3. Discuss the non accounting services that external auditors are no longer permitted to render to audit clients under SOX legislation. (5 marks)
4. Identify six classes of physical controls employed in the expenditure cycle and give one example of each. (5 marks)
PART B-Case Study (from your textbook) (20 marks)
Part B1 Case Study (10 marks)
Chapter 3
Ethics, Fraud and Internal Control
Bern Fly Rod Company (pp. 138-139)
Required:
Analyze Bernâs situation and asses any potential internal control issues and exposures. Discuss some preventive measures this firm may wish to implement.HI 5019 Strategic Information Systems for Business and Enterprise Assignment 1 T1 13 Page2of2
Part B2 Case Study (10 marks)
Chapter 4
The Revenue Cycle
Spice is Right Imports (Stand-Alone PC-Based Accounting System)
(pp. 203-204)
Required:
1. Analyse the physical internal control weaknesses in the system. Model your response according to the six categories of physical control activities specified in the COSO internal control model.
2. Describe the IT controls that should be place in the system.
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