"Information Technology" Please respond to the following: Evaluate the inherit audit risk with information technology and suggest one modification to audit plans that will potentially minimize this

“Information Technology” Please respond to the following:

• Evaluate the inherit audit risk with information technology and suggest one modification to audit plans that will potentially minimize this risk.

• Suggest how a company can mask financial fraud to the auditing firm through the use of information technology and how an auditing firm can minimize its exposure to this risk.

“Audit Program and Process” Please respond to the following:

• Given a company’s pressure to meet earnings forecast, discuss how earnings manipulation is most likely to occur.

• Suggest which type of auditing test would be most effective at detecting earnings manipulated by a company’s management team and the effectiveness of this test.

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