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Bottom-Up Approach What were the strengths and weaknesses of Trinitys practice-based bottom-up approach? How effective was it? What would you recommend it should have done
- Bottom-Up Approach
- What were the strengths and weaknesses of Trinitys practice-based bottom-up approach? How effective was it?
- What would you recommend it should have done differently in Year 1? Defend your response.
- Compare and contrast the strengths and weaknesses of a bottom-up versus a top-down risk approach to compliance.
- Which approach is more appropriate in completing a compliance project successfully for Trinitys first year?
- How does each approach affect a companys internal control structure?
- Identify the chief insights from the pilot project. How does the pilot project for the EDP system compare to SOX requirements?
- Identify the testing processes Trinity performed and whether Trinity took the appropriate approach in designing their controls.
- Based on the substantive tests, which testing process proved to be most useful in assessing Trinitys accounting system?
- Compose a short memorandum that communicates the results of the first year of testing along with recommendations as to what Trinity should do differently in subsequent years.
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