Accounting into systems

I’m studying for my Accounting class and don’t understand how to answer this. Can you help me study?

Please see attached . Also please use all resources .

Case Study Questions – Presentation should address the following Questions

All Sources of information should be specifically identified at the bottom of each slide

• Research CPA Firm and determine the current expectations regarding the technical knowledge required as an entry-level staff person?
  • Identify the CPA Firm – should be based in Ontario – Local Region if possible
  • Research Job Postings, Staff Member Profiles, etc.
  • Identify and Describe 5 Key Areas of Technical Knowledge
• Research the Requirements of a Forensic Accountant.Identify 5 skills required to be a forensic accountant.How does the knowledge of technology and AIS help enable or augment the skills?
  • Ensure that you describe “What is a Forensic Accountant”

1-21. The CA Firm

Bill Berry is the lead audit partner and the managing partner for The CA Firm (TCF), LLP. He was recently reviewing the firm’s income statement for the previous quarter, which showed that auditing revenues were about 5% below last year’s totals, while tax revenues were about the same. Bill also noted that the income from auditing was 10% less than for the previous year. During the past few years, competition for new audit clients has been intense so TCF partners decided that it would be wise for the firm to lower its hourly billing rates for all levels in the firm. The firm’s client base is made up of closely held firms that are mostly very successful sole proprietors, as well as a number of small- and medium-size companies.

Bill and the other partners have been brainstorming ways to expand the revenue base of the organization. Knowing that IT is a tool that the firm can use to develop new lines of business, TCF hired several college graduates over the past few years with dual majors in accounting and information systems or computer science. Given the recent financial results, Bill wants to encourage the other partners to consider the potential to the firm of offering other professional services.

Using Chapter 1 and the CPA/AICPA’s Website as Reference:

• Would it make the most sense for Bill to consider developing new types of clients or to consider offering different types of services to the types of clients typically served by TCF?
• Bill remembers that the CICA developed a list of various types of assurance services that auditing firms might consider offering. Describe three of these assurance services that might be a good fit for this CA firm. (Hint: Visit the AICPA’s Web page or a website of a large accounting firm for a listing of assurance services.)
• What might TCF do to fully use the combined strengths in accounting and information systems/computer science of its new staff auditors?
  • Using the Answers to the first 2 questions, consider how the roles of the accountants may change

• Ensure that you are specific with your services and any approach that you wish to consider
• Consider whether the firm can provide services and also audit same services in your response