GCU ACC622 Week 7 Discussion (dq1+dq2) Latest

GCU ACC622 Week 7 Discussion

DQ 1

Explain one way the external auditor’s responsibilities regarding a public company’s system of internal controls have changed since SAS 78 became effective in the late 1990s. Were these changes necessary? Do you believe the changes have been effective at reducing risk for the company and the users of the financial statements?  Explain your rationale. In your response, do not use the same reasoning that has already been posted by a classmate.

DQ 2

Explain two of the risks companies face when outsourcing the IT function. How can the risks you explained be overcome? In your response, do not use the same two risks associated with outsoucing IT that have already been posted by a classmate.