Textbook Assignment and Easy Problem 1 (Module/Week
4):
Complete the following assignments and refer to your
textbook chapter 4 for help.
Denmark Corporation sells computer equipment to businesses in
the western region of the United States. Each month, the IT
division at Denmark Corporation prints monthly statements and sends
them to the accounts receivable (AR) department, where a clerk
mails them to the customers. This corporation’s customers mail
their payments back to Denmark, where a clerk in AR batches the
checks and sends them to the cashier. The AR clerk then uses the
payment stub to enter the payments into the computer, where the AR
master data are updated to record the payment. Please use this to
complete the diagrams and charts below. Please use excel or word
for the diagrams.
Problem 1. Please create a table of entities and
activities 20 points
Problem 2. Draw a context diagram to support the
entities in problem 1. 20 points
Problem 3. Draw a physical DFD. Please use MS products
i.e. word or excel to create this diagram 20 points
Problem 4 20 points
“PCAOB Audit Standard No. 5 (AS5) paragraph 37 and Statement on
Auditing Standard Section 319 (AU 319) paragraph 75 suggest that
management, business process owners, and auditors prepare and
analyze systems documentation to understand the flow of
transactions through a process and to identify and assess the
effectiveness of the design of internal controls. However,
organizations, internal audit departments, and public accounting
firms have developed their own methods for documenting systems.
Therefore, I am not going to learn to prepare systems documentation
until I know exactly what technique I will need to use in my job.”
Do you agree?
Objective: Discuss fully. Please include in your discussion how
mapping business processes helps in analyzing the auditing process
of understanding your client’s business. Please include references
and opinion should cover at least two paragraphs. 22
points
Problem 5
At Resource Grocery, shoppers un load their groceries for a
sales clerk to process to receive payment. The sales clerk enters
the sale in a cash register and puts the money in the register
drawer. At the end of the day, the sales clerk gives the cash and
the register tape to the cashier. The cashier reconciles to make
sure all funds are accounted for. Please create a table for the
process and provide a diagram of the table. Points
20.