Distinguish between auditing through the computer and auditing with the computer. When are auditors required to audit through the computer as opposed to auditing around the computer?
Answer to relevant QuestionsExplain why it is customary to complete the testing of general controls before testing application controls. One of the most important tasks of the planning phase is for the auditor to gain an understanding of internal controls. How does this differ from the tasks performed during the tests of controls phase?Think about a place you have worked where computers were present. What are some physical and environmental controls that you have observed in the workplace? Provide at least two examples of each from your personal ...Describe what is likely to occur if company personnel erroneously recorded a sales transaction for the wrong customer? What if a cash receipt was applied to the wrong customer? Identify internal controls that would detect or ...The following list presents various internal control strengths (S) or risks (R) that may be found in a company’s revenues and cash collection processes.____ Credit is authorized by the credit manager._____ Checks paid in ...
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