What were the strengths and weaknesses of Trinitys practice-based bottom-up approach? How effective was it?

Hi There,

You will be completing milestone #3 (please see attachment). I’ve also attached the final paper guildline and rubric just in case you wanted to take a look at the full research.

Please lable each question (i can do the subtitles) i just need to know what paragraph answers the question.

Bottom-Up Approach
a) What were the strengths and weaknesses of Trinitys 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 Trinitys first year?
e) How does each approach affect a companys 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 Trinitys 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.
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 Trinitys 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
systems 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.

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