ACL software can be used by auditors to find irregularities or patterns in transactions by analyzing relevant data fields, helping identify control weaknesses. Three types of database update anomalies are insertion, deletion, and update anomalies, which can be minimized by ensuring data is complete, only authorized users can delete data, and data is reviewed before being saved. Auditors should understand data normalization principles and have IT skills to analyze system processes and data flows using audit tools.
Auditing and marketing discussion 7 for profstan only
1. Discussion 1
"Database Design" Please respond to the following:
Imagine that an auditor is reviewing a file containing 25 fields of data, only five of
which are relevant to the auditor’s objective. Evaluate how ACL can be used to find
irregularities or patterns in transactions that could indicate controlweaknesses,
indicating the effectiveness of the tool.
ACL is an audit, risk and data analysis software used in finance, risk, compliance and
governance y professional’s .It can be used to find irregularities since it has been
integrated and streamlined to build cohesiveness of all the key functions of an
organization which leads to increased productivity and efficiency in audit process. It
keeps electronic working papers gives the traces and tracks of all the issues and it shows
the work flow through its powerful visualization tool. It can also concentrate on the high-
risk areas and thus lets you focus on them as compared to low –risk activities. With such
characteristics it becomes easy and simple for an auditor to monitor the process using rel
time data and can therefore find irregularities and weaknesses in the system on real time
basis.
Identify the three types of update anomalies that could occur with database tables that
have not been normalized. Explain how a university or your company can minimize
each type of anomaly when updating database tables. Justify your answer.
Insert Anomaly
They include information we cannot record because there is no enough information fo the
entire row and these anomalies maybe reduced by making sure that our raw data is complete
before we start feeding it in our database.
2. Deletion Anomaly
This is caused by elimination of a row or cell and if the deleted section was linked to other
cells this may affect the entire database. It can be collected by use of administrative rights in
the data base such that only responsible persons can delete or edit the database
Update Anomaly
This arises when the same information is recorded in various columns or rows and it may
cause inconsistencies for example if it is the number of offices we can duplicate or triple
them .This can be reduced by ensuring that data is reviewed before being saved and also
deliberate use of filtering tools of the software.
Discussion 2
"Audit Considerations" Please respond to the following:
Explain how an embedded audit module works and why auditors may choose not to
use it. Determine the approach an auditor should consider instead. Explain your
answer.
An audit procedure for collecting data for the audit through a program code added to
applications. Embedded audit modules allow the auditor to collect data as the processing is
taking place, rather than at the time of the audit. The auditor should therefore be monitoring
the system in real time and identify the risky areas to concentrate on them. Auditors may not
use this approach because it leads to pre-auditing rather than post-audit. The process may
also deprive the auditor a chance to produce reports which are used to advice the
management.
3. Discuss why auditors should be familiar with the principle of data normalization and if
auditors should be required to specialize in IT. Justify your answer
Data normalization is important because it helps the auditors to identify the weaknesses
in the data base. The importance of auditors being specialist in IT is that they need to
understand the flow of the processes in a software or CAATs and thus they should be
trained properly in the field.
Marketing Discussion
Advertising Media and Integrated Marketing Communications (IMC)" Please respond to the
following:
From the scenario (see the post for scenario), distinguish between two to three (2-3)
different types of advertising media available for the new product launch. Provide two (2)
suggestions for the marketing intern that will help her to create an advertising budget.
TELEVISON
They are very powerful since they have a vast rreach and their product demonstration is
excellent since they vividly ellborate about your product and they can convey emotion .the
set back is that they do not have a target audience and their advert freqency is low plus they
are indedd expensive.
Radio
They can convey strong emotitons and less expensive compared to televison .they have a
great reach and frequency plus you can easily target .they however do not give product
demeonstrations and thus they convey less information.
4. From the e-Activity, create a new advertising message for a company of your choice using
Attention, Interest, Desire, and Action (AIDA). Determine the fundamental manner in which
you will measure the effectiveness of the advertising message and how it aligns with
corporate strategy.
For this question I have decided to use this advert, please let me know if it shall work
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