Analyze each  situation or problem(s) below and complete the required work.

 

  1. IDEA, ACL, and Arbutus are most useful when there is a problem to solve on an audit or used in substantive testing or in a fraud investigation. Data analytics software should be used subject to consideration of data volume and the cost of obtaining the required electronic data.  Once audit or fraud examination objectives have been well-defined and it is ascertained that IDEA, ACL, or Arbutus is the appropriate tool, the next step is to determine data requirements.  What are the elements of data requirements that must be considered by the data analytics expert?  Describe and explain. No bullets.

 

  1. Darth Gator is being investigated for embezzling over $700,000 from Seminole Capital Management, for whom Darth has worked for nearly 10 years. When co-workers noticed the new “toys” Darth was buying, they jokingly asked him to tell them his stock picks as they wanted in too!  Darth told them that they better adopt some rich relatives.  “My Uncle Fester did not have any kids, so he left a chunk of his money to each of his nephews.”

 

Explain how you might go about checking the validity of Darth’s claim to a recent inheritance. 

Make sure to Include in your discussion the relevant information you need about Uncle Fester and where you could find that information. 

 

 

 

 

 

 

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Analyze each  situation or problem(s) below and complete the required work.

 

  1. IDEA, ACL, and Arbutus are most useful when there is a problem to solve on an audit or used in substantive testing or in a fraud investigation. Data analytics software should be used subject to consideration of data volume and the cost of obtaining the required electronic data.  Once audit or fraud examination objectives have been well-defined and it is ascertained that IDEA, ACL, or Arbutus is the appropriate tool, the next step is to determine data requirements.  What are the elements of data requirements that must be considered by the data analytics expert?  Describe and explain. No bullets.

 

  1. Darth Gator is being investigated for embezzling over $700,000 from Seminole Capital Management, for whom Darth has worked for nearly 10 years. When co-workers noticed the new “toys” Darth was buying, they jokingly asked him to tell them his stock picks as they wanted in too!  Darth told them that they better adopt some rich relatives.  “My Uncle Fester did not have any kids, so he left a chunk of his money to each of his nephews.”

 

Explain how you might go about checking the validity of Darth’s claim to a recent inheritance. 

Make sure to Include in your discussion the relevant information you need about Uncle Fester and where you could find that information. 

 

 

 

 

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *