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 system against two other systems of comparable size and scope . Evaluate each software
system ’ s advantages and disadvantages .