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AUDITING & THE REA MODEL (GRADED)
Discuss how REA diagrams might be useful to auditors in understanding a client’s business processes. What if the client hasn’t prepared them in advance? What basic steps would the auditor perform to compile the information necessary to build he diagram himself or herself? Does that time investment produce large enough benefits to the auditor? Explain your answer.

UNIQUE REA DIAGRAMS (GRADED)
Discuss why there cannot be one basic REA diagram that would work for all businesses. What might be some areas that could be similar from business to business? Select either the company for which you work or one that interests you