Case analysis needs to include 5 parts as following:
1, the issue (what is the problem/question of the case?)
2, Facts (only put relevant facts)
3, Rules (need to use review of the relevant tax law sources as references, Ex.: Internal Revenue Code (IRC), Treasury, Regulations, Revenue Rulings, judicial authority, court cases)
4, Argument/ analysis (how does the law apply to the fact?)
5, conclusion (answer to the question and the issue)

“IT Controls” Please respond to the following:

Page 1
    Discuss at least three to five advantages and disadvantages of implementing an IT-based system. Identify at least four inherent operational and financial risks in using computerized reports. Propose at least two mitigation risk strategies, and justify your recommendation.

Page 2
    Identify at least three risks that auditors need to consider for companies that process Web-based sales transactions, including credit card payments. For each risk identified, develop a mitigation risk strategy. Provide specific examples.