In your accuracy test, how many items have discrepancies on amounts not matching? 2 1 0 3 Read The Bradmark Case beated in the "Bradmark Case Description" folder and answer the following questions: 1) 1) From the case description and the associated floweharts, assess Bradmark's internal controls over is expenditare cycle procedares. List three indicators of potential issues with regard to the expenditire cyele procedures: 1. 2. 3. The case description, the fowchart, the file structures, and the selected financhl data below allow for specification of audit objectives (that ean be achieved using ACLMH ) for elch mamagement assertion presented in the matrix below. Selected Financlal data: Inventory Balance at 12/31/2004 Accounts Payable at 12/31/2004 51,108,194,9459,972,06 The ACL Project sad ACL fles used in the Bradmark ease are located in the Bradmark Data Folder on Blackboard. Download these files to your computer and click on the Bradmark 04ACL icon. ACL will automatically open the case. 2) Perform the ACL tests outined above. For each of the three tests you'll be completing. put a screenshot of your test in ACL, with a brief (1-3 lies) explanation of the test and results. 3) The matrix below identifies a potential operational (business) concern related to the revemue procedures. The matrix briefly describes the audit objective and ACL procedures to answer this concem. Below the matrix, paste screenshots of the ACL audit test(s) performed and add a brief (1-3 lines) explanation of the test and results. In your accuracy test, how many items have discrepancies on amounts not matching? 2 1 0 3 Read The Bradmark Case beated in the "Bradmark Case Description" folder and answer the following questions: 1) 1) From the case description and the associated floweharts, assess Bradmark's internal controls over is expenditare cycle procedares. List three indicators of potential issues with regard to the expenditire cyele procedures: 1. 2. 3. The case description, the fowchart, the file structures, and the selected financhl data below allow for specification of audit objectives (that ean be achieved using ACLMH ) for elch mamagement assertion presented in the matrix below. Selected Financlal data: Inventory Balance at 12/31/2004 Accounts Payable at 12/31/2004 51,108,194,9459,972,06 The ACL Project sad ACL fles used in the Bradmark ease are located in the Bradmark Data Folder on Blackboard. Download these files to your computer and click on the Bradmark 04ACL icon. ACL will automatically open the case. 2) Perform the ACL tests outined above. For each of the three tests you'll be completing. put a screenshot of your test in ACL, with a brief (1-3 lies) explanation of the test and results. 3) The matrix below identifies a potential operational (business) concern related to the revemue procedures. The matrix briefly describes the audit objective and ACL procedures to answer this concem. Below the matrix, paste screenshots of the ACL audit test(s) performed and add a brief (1-3 lines) explanation of the test and results
