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Question 6.36 Your company is evaluating the option of re

Question 6.36 Your company is evaluating the option of re

Question

6.36

Your company is evaluating the option of renting some of its computing services from a cloud provider. After many discussions, your company is considering renting only the accounting module. Your supervisor has asked you to develop, as soon as possible, a short document about how this type of service is provided by a cloud computing provider and the necessary steps that should be taken to implement this service.

9.28

You have been called in as an XBRL consultant. The president of the company has asked for your opinion regarding the costs and benefits of XBRL. What would you say? What benefits of XBRL do you see as the most important? What costs should an organization consider?

9.30

You are serving as a liaison between accounting and IT. Your company is required to use XBRL for external financial reporting. IT would like to use XBRL integrated tagging and has asked for funding for an XBRL database. The accounting department doesn’t see why IT needs funding for another new database. What are the benefits of XBRL integrated tagging for internal use? Why would IT need a new XBRL database? What would you say at your meeting with accounting and IT?

10.40

Prepare a report of you analysis of the generate invoice process, and include manual and automated controls situations as a possible indicator of fraud.

11.32

Compare and contrast internet, intranet, and extranet. Use the following organizer for you answer

12.27

Compare and contrast COSO’s Enterprise Risk Management- Integrated Framework and COSO’S Internal Control- Integrated framework

12.39

Identify control objectives, risks, and control activities for the account payable process

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