1 Discuss why auditors and accountants are engaged in assur
1 Discuss why auditors and accountants are engaged in assurance… 1 Discuss why auditors and accountants are engaged in assurance engagements other than financial statement audits. 2 What is meant by reasonable and limited assurance engagements? Give an example for each type. 3 List and explain the elements of an assurance engagement. 4 Discuss the significance of assurance quality. 5 Standard Publishing Insurance Co. Ltd provides insurance cover for professional publishers. Australian Online Design Co. Ltd (AODCL) recently filed a claim for the loss it incurred following a breakdown of its computer network, in which its customers’ files were lost. AODCL sells business publications (journals, magazines and news reports) to 1000 corporate customers via subscriptions through the Internet. The payment and delivery systems are also linked to the customers’ files, held by the master e-commerce system. You are called in to conduct a forensic audit to establish the validity of the claim, and the extent to which it is appropriate. Required Explain the key considerations of the forensic audit you will conduct. You are engaged to write a checklist for Cyber-Sell, a company that buys and sells products over the Internet as a key secondhand market.Required Using the following headings, identify the controls and risks you would expect in the Cyber-Sell sales systems regarding: (a) confidentiality of information (b) transaction integrityBusiness Accounting ACCOUNTING 302AFE
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