ACC 622 Topic 1 Discussions GCU

Describe how the use of data flow diagrams and flowcharts can help the external auditor of a publicly traded company evaluate management’s assessment of the company’s internal control structure and attest to its accuracy in order to meet the requirements of the Sarbanes-Oxley Act (SOX) of 2002, as updated by legistlation.

Rather than running their information technology (IT) functions in-house, some companies choose to use cloud computing or outsource their IT functions.  Why would a company choose to use cloud computing or outsource its IT functions? In your explanation, be sure to include how the two alternatives differ and why a company might choose one alternative over the other. In your response, do not use the same reasons for outsourcing that have already been posted by a classmate.