Identify the three areas of an auditor’s work that are significantly impacted by the presence of IT accounting systems.
Answer to relevant QuestionsDescribe the three causes of information risk. Explain why Benford’s Law is useful to auditors in the detection of fraud.Ping and Pong are assigned to perform the audit of Paddle Company. During the audit, it was discovered that the amount of sales reported on Paddle’s income statement was understated because one week’s sales transactions ...The test data method and an integrated test facility are similar in that they are both tests of applications controls and they both rely on the use of test data. Explain the difference between these two audit techniques. Issues with the client representation letter.a. Would it be appropriate for Pannor to reopen the audit testing phases in order to expand procedures, in light of the lack of representative evidence from management? Why or why ...
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