This assignment will be submitted to Turnitin®.Instructions
Auditors use electronic software programs such as ACL and Teammate software to help them conduct testing of the client’s data and documentation. In addition, auditors use electronic software such as Idea to help them perform sampling of the client’s data.
Research two Audit Software programs:
Select (1) either ACL or IDEA and (2) Teammate.
In a report, 2-3 pages single-spaced, describe the purpose of the audit software and describe its capabilities. Provide at least two examples of how companies have used the software as it relates to audit capacity. Discuss the benefits of using the software. Discuss disadvantages from using the software if any. Finally, discuss in detail how you would use the software in the context of the SEC Company that you selected.
http://www.acl.com/
http://www.casewareanalytics.com/products/idea-data-analysis
http://www.teammatesolutions.com/home.aspx
All reports are to be single-spaced using the 12-point font size. Sources for the report are not included in the minimum number of pages neither is the cover page if you choose to prepare one.
Ensure that your name is included in the file name. For example, the file name should be yourlastnameWeek#assignmentname.doc.
Submit only your work in our class – do not risk policy violations
Please be aware of the UMGC policy http://www.umgc.edu/policies/academicpolicies/aa15025.cfm It is important that all submissions in our class be completed by you, in your own words. Do not risk the fact or appearance of academic dishonesty. Please email me if you have any concerns about this issue. The goal is for you to complete the HW, postings, quizzes, exams, and submissions for this course including reports, PowerPoint files, and projects, in your own words to show your mastery of topics and concepts for our course.
All deliverables in our class should be single-spaced with double spacing between paragraphs.
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