Comparative systems report*****already a++ rated tutorial*****use as

Comparative systems

ACC 675 Milestone Three Guidelines and Rubric

For Milestone Three, 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.

Prompt: 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 systemagainst 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. 

Rubric

Guidelines for Submission: Your comparative systems report must be submitted as a 4–5-page Word document with double spacing, 12-point Times New Roman font, one-inch margins, and at least three sources cited in APA format.

Critical Elements Proficient (100%) Needs Improvement (75%) Not Evident (0%) Value
Bottom-Up Approach:

Strengths and

Weaknesses

Determines the strengths and weaknesses of the bottom-up approach and its effectiveness Determines the strengths and weaknesses of the bottom-up approach and its effectiveness but determination is cursory or contains inaccuracies Does not determine the strengths and weaknesses of the bottom-up approach 7
Bottom-Up Approach: Recommend Formulates a recommendation concerning what the company should have done differently in Year 1 and defends response Formulates a recommendation concerning what the company should have done differently in Year 1 but does not defend response or defense is weak or illogical Does not formulate a recommendation concerning what the company should have done differently in Year 1 7
Bottom-Up Approach: Top-Down Compares and contrasts the strengths and weaknesses of a bottom-up versus a top-down risk approach to compliance Compares and contrasts the strengths and weaknesses of a bottom-up versus a top-down risk approach to compliance but with gaps in accuracy or detail Does not compare and contrast the strengths and weaknesses of a bottomup versus a top-down risk approach to compliance 7
Bottom-Up Approach: Compliance Project Accurately determines which approach is more appropriate in completing a compliance project successfully for

Trinity’s first year

Determines which approach is more appropriate in completing a compliance project successfully for Trinity’s first year but is inaccurate in determination Does not determine which approach is more appropriate in completing a compliance project successfully for

Trinity’s first year

7
Bottom-Up Approach:

Internal Control Structure

Accurately assesses how each approach affects a company’s internal control structure Assesses how each approach affects a company’s internal control structure but assessment is cursory or contains inaccuracies Does not assess how each approach affects a company’s internal control structure 7
Bottom-Up Approach: Chief Insights Identifies the chief insights from the EDP system’s pilot project and how the project compares to SOX requirements Identifies the chief insights from the EDP system’s pilot project but does not identify how the project compares to SOX requirements or identification is incorrect Does not identify the chief insights from the pilot project 7
Bottom-Up Approach:Testing Processes Identifies the testing processes Trinity performed and whether Trinity took the appropriate approach in designing their controls Identifies the testing processes Trinity performed but does not identify whether Trinity took the appropriate approach in designing their controls or testing processes identified are inaccurate Does not identify the testing processes Trinity performed 7
Bottom-Up Approach: Most Useful Determines the most useful testing process based on the substantive tests Determines the most useful testing process but does not base

determination on the substantive tests

Does not determine the most useful testing process 7
Bottom-Up Approach:

Results and

Recommendations

Composes a memo that communicates

the results for the first year and includes recommendations

Composes a memo that communicates

the results for the first year and

includes recommendations but memo is cursory or lacks detail

Does not compose a memo 7
SOX-Related Expenses: Further Reduce Formulates recommendations for how Trinity could further reduce SOX-related expenses in 2008 and considers the barriers they may encounter Formulates recommendations for how Trinity could further reduce SOX-related expenses in 2008 but does not consider the barriers they may encounter or recommendations are illogical Does not formulate recommendations for how Trinity could further reduce

SOX-related expenses in 2008

7
SOX-Related Expenses: Major Sources of Cost Determines the major sources of cost in Trinity’s compliance maintenance and testing Determines the major sources of cost in Trinity’s compliance maintenance and testing but determination contains inaccuracies Does not determine the major sources

of cost in Trinity’s compliance maintenance and testing

7
SOX-Related Expenses: Rank Accurately ranks each of the major sources of cost in terms of value Ranks each of the major sources of cost in terms of value but contains inaccuracies Does not rank each of the major sources of cost in terms of value 7
SOX-Related Expenses:Software System Compares Oracle as the selected software system against two other systems by evaluating each system’s advantages and disadvantages Compares Oracle as the selected software system against two other systems by evaluating each system’s advantages and disadvantages but evaluation is cursory or contains inaccuracies Does not compare Oracle as the selected software system against two other systems 7
SOX-Related Expenses: Defense Defends the decision of the software choice based on the analysis Defends the decision of the software choice but does not base defense on the analysis Does not defend the decision of the software choice 7
Articulation of Response Submission has no major errors related to citations, grammar, spelling, syntax, or organization Submission has major errors related to citations, grammar, spelling, syntax, or organization that negatively impact readability and articulation of main ideas Submission has critical errors related to citations, grammar, spelling, syntax, or organization that prevent understanding of ideas 2
Earned Total 100%

Calculate the price of your order

Select your paper details and see how much our professional writing services will cost.

We`ll send you the first draft for approval by at
Price: $36
  • Freebies
  • Format
  • Formatting (MLA, APA, Chicago, custom, etc.)
  • Title page & bibliography
  • 24/7 customer support
  • Amendments to your paper when they are needed
  • Chat with your writer
  • 275 word/double-spaced page
  • 12 point Arial/Times New Roman
  • Double, single, and custom spacing
  • We care about originality

    Our custom human-written papers from top essay writers are always free from plagiarism.

  • We protect your privacy

    Your data and payment info stay secured every time you get our help from an essay writer.

  • You control your money

    Your money is safe with us. If your plans change, you can get it sent back to your card.

How it works

  1. 1
    You give us the details
    Complete a brief order form to tell us what kind of paper you need.
  2. 2
    We find you a top writer
    One of the best experts in your discipline starts working on your essay.
  3. 3
    You get the paper done
    Enjoy writing that meets your demands and high academic standards!

Samples from our advanced writers

Check out some essay pieces from our best essay writers before your place an order. They will help you better understand what our service can do for you.

Get your own paper from top experts

Order now

Perks of our essay writing service

We offer more than just hand-crafted papers customized for you. Here are more of our greatest perks.

  • Swift delivery
    Our writing service can deliver your short and urgent papers in just 4 hours!
  • Professional touch
    We find you a pro writer who knows all the ins and outs of your subject.
  • Easy order placing/tracking
    Create a new order and check on its progress at any time in your dashboard.
  • Help with any kind of paper
    Need a PhD thesis, research project, or a two-page essay? For you, we can do it all.
  • Experts in 80+ subjects
    Our pro writers can help you with anything, from nursing to business studies.
  • Calculations and code
    We also do math, write code, and solve problems in 30+ STEM disciplines.

Frequently asked questions

Get instant answers to the questions that students ask most often.

See full FAQ
    See full FAQ

    Take your studies to the next level with our experienced specialists

    Chat
    Chat
    Hello, we are online 24/7. Leave a message we will reply instantly