electronic data processing

Description

Prepare a draft of a comparative systems report. Compare and contrast electronic data processing (EDP) systems used by Trinity Industries with those in the marketplace. Using substantive testing, audit the transaction flow and determine whether financial information is accurately reflected in the system transactions. This will allow for an assessment and recommendation as to the effectiveness of the company’s internal control processes, including changes in transaction processing if necessary. Compose a short memorandum that communicates the results of the first year of testing along with recommendations as to what Trinity should do differently in subsequent years, including recommendations for reducing SOX-related expenses.
Assess the compliance approach implemented by Trinity Industries in order to recommend a cost efficient software system.
Specifically, the following critical elements must be addressed:
III. Bottom-Up Approach
a) What were the strengths and weaknesses of Trinity’s practice-based bottom-up approach? How effective was it?
b) What would you recommend it should have done differently in Year 1? Defend your response.
c) Compare and contrast the strengths and weaknesses of a bottom-up versus a top-down risk approach to compliance.
d) Which approach is more appropriate in completing a compliance project successfully for Trinity’s first year?
e) How does each approach affect a company’s internal control structure?
f) Identify the chief insights from the pilot project.

How does the pilot project for the EDP system compare to SOX requirements? g) Identify the testing processes Trinity performed and whether Trinity took the appropriate approach in designing their controls. h) Based on the substantive tests, which testing process proved to be most useful in assessing Trinity’s accounting system? i) Compose a short memorandum that communicates the results of the first year of testing along with recommendations as to what Trinity should do differently in subsequent years. IV. SOX-Related Expenses a) Formulate recommendations for how Trinity could further reduce SOX-related expenses in 2008. Be sure to consider the barriers the company may encounter with each of your recommendations. b) What are the major sources of cost in Trinity’s compliance maintenance and testing? c) Rank each of the major sources of cost in terms of value. d) Compare the choice of Oracle as the selected software system against two other systems of comparable size and scope. Evaluate each software system’s advantages and disadvantages. e) If you determine that another software system would have been a better choice through your analysis, defend the decision. If Oracle is the choice after analysis, defend that decision

Calculate the price of your order

Simple Order Process

Fill in the Order Form

Share all the assignment information. Including the instructions, provided reading materials, grading rubric, number of pages, the required formatting, deadline, and your academic level. Provide any information and announcements shared by the professor. Choose your preferred writer if you have one.

Get Your Order Assigned

Once we receive your order form, we will select the best writer from our pool of experts to fit your assignment.

Share More Data if Needed

You will receive a confirmation email when a writer has been assigned your task. The writer may contact you if they need any additional information or clarifications regarding your task

Let Our Essay Writer Do Their Job

Once you entrust us with your academic task, our skilled writers embark on creating your paper entirely from the ground up. Through rigorous research and unwavering commitment to your guidelines, our experts meticulously craft every aspect of your paper. Our process ensures that your essay is not only original but also aligned with your specific requirements, making certain that the final piece surpasses your expectations.

Quality Checks and Proofreading

Upon the completion of your paper, it undergoes a meticulous review by our dedicated Quality and Proofreading department. This crucial step ensures not only the originality of the content but also its alignment with the highest academic standards. Our seasoned experts conduct thorough checks, meticulously examining every facet of your paper, including grammar, structure, coherence, and proper citation. This comprehensive review process guarantees that the final product you receive not only meets our stringent quality benchmarks but also reflects your dedication to academic excellence.

Review and Download the Final Draft

If you find that any part of the paper does not meet the initial instructions, send it back to us with your feedback, and we will make the necessary adjustments.