Question: As an internal auditor you have been assigned to evaluate
As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test transactions with regular data in a normal production run. Identify advantages and disadvantages of this technique. (CIA Examination adapted)
Answer to relevant QuestionsAfter a NBA basketball game a box score is produced detailing the number of points scored, assists made and rebounds retrieved (among other statistics). Using the characteristics of useful information discussed at the ...A recent article suggests:A monumental change is emerging in accounting: the movement away from the decades-old method of periodic financial statement reporting and its lengthy closing process, and toward issuing financial ...As the Chief Executive Auditor, Mallory Williams heads the internal audit group of a manufacturing company in southern Texas. She would like to purchase a CAAT tool to assist her group in conducting internal audit functions. ...Your grandmother regularly uses a Sony Walkman (vintage 1989) that has cassette tapes. She is quite pleased with this technology as it lets her go on her evening constitutional and listen to music of her era. And of ...For your personal consulting business, you decide to set up an accounting information system to help with taxes as well as to help monitor your revenues and expenses. You’ve heard that the QuickBooks is easy to set up, so ...
Post your question