REA and WCGW Assignment

$1)$ Create REA Process Model

$2)$ Answer these questions:

a$.$ Identify $5$ important WCGWs that can best be mitigated by an ITD control. Identify the financial statement impact if not mitigated.

$1)$

$2)$

$3)$

$4)$

$5)$

b$.$ Identify $5$ important WCGWs that can best be mitigated by an automated application control. Identify the financial statement impact if not mitigated.

$1)$

$2)$

$3)$

$4)$

$5)$