1.a. Briefly describe three strategies for testing internal controls when information technology is used for significant accounting processing.
b. Identify two strategies that might be used to support a low control risk assessment. Discuss the difference between the two strategies.
c. Discuss a third audit strategy that might be used to assess control risk at a high level. Explain why this strategy will not support a low control risk assessment.

2.What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?

a. What is the difference between the conventional test data approach and the integrated test facility approach?
b. In lieu of traditional testing, what approaches can be used in on-line entry/on-line processing systems?

3.List the steps involved in selecting and evaluating a nonstatistical or a statistical sample for tests of controls. Identify the professional judgments that must be made associated with each step.