IDEA: Begin work in Week 7 and Submit at the end of Week 10.
Complete Sections 1, 2, 3 (only pp. 91 - 136) & 5 from the IDEA workbook.
1. Read Sections 1, 2, 3 (only pages 91 - 136) & 5.
2. Walk through and complete the entire process described in Section 2, related to the analysis of an accounts receivable database.
3. Walk through the process described in Section 3 completing only the steps on pages 91 - 136, related to the analysis of an accounts payable database. Note you are only responsible for completing section 3 through and including the "Test for Payments Processed on a Sunday" that begins on page 134. You are not responsible for the section beginning with "Applying Benford's Law to Identify Exceptional Items."
4. Eleven IDEA documents will be automatically generated within your Accounts Receivable Audit folder upon completing section 2. Seven IDEA documents will be automatically generated within your Accounts Payable folder upon completing the assigned steps in section 3. In addition to submitting these 18 IDEA documents, follow the remaining instructions for uploading the completed assignment.
5. Page 90 of the workbook details three audit findings that will be discovered when the processes in section 2 are completed. Page 181 of the workbook details thirteen audit findings that would be discovered in total when the processes in section 3 are completed. However, as you are only responsible for the steps on pages 91 - 136, you will only have discovered the first six of the thirteen audit findings (beginning with finding a significant number of items just below the $80,000 authorization level and ending with the finding of payments made on a Sunday). Therefore, after completing the assigned sections you will have discovered a total of nine audit findings.
6. Create a document in MS Word that briefly documents the audit and/or data analysis processes that you employed using IDEA to arrive at each of the nine audit findings. In your document, each audit finding should have a brief narrative section as well as a corresponding screenshot(s) to support the finding and/or your comments. All required screenshots must be inserted into your report for credit.
a. To create a screenshot, go to the IDEA screen that you want to capture and press Ctrl PrtScn. Go to MS Word (or to another program where you want to insert your screen shot). Hit Ctrl v. Resize the image for the page and crop the screenshot if necessary. (A nice third-party free software is JING free software, which you may also use for screenshots).
7. Compress and zip your 18 IDEA documents and your narrative document (that includes screenshots) into one zipped file with the naming format: last name first IDEA.zip. Upload the .zip file to your LEO Assignment Folder.