SarbanesOxley Act Compliance As a Certified Public Accountant (CPA), Certified Internal Auditor (CIA), and Certified Information Systems Auditor (CISA) you have been asked to perform an audit of company records in support of the Attest function to verify the annual statements. The inventory balances from the computerized system are reported to be $121 million, but reports from field auditors show that balances are severely overstated. In discussions with employees and managers, you find some overlap in functions with certain personnel authorized to perform functions in other departments. Also, several personnel have not taken vacations in over three years. In compliance with the SarbanesOxley Act of 2002, what would be your approach for the audit assignments:

1. In no more than 750 words discuss what application tests might you perform? Why?