1) 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 the diagram him or herself? Does that time investment produce large enough benefits to the auditor? Explain your answer.
2) Showcase examples of REA diagrams from the Internet. What do you like or dislike about the diagram? What can you learn from these?