Audit evidence is now routinely documented in electronic form rather than in paper form. Explain the importance
Question:
Audit evidence is now routinely documented in electronic form rather than in paper form. Explain the importance of controls over electronic documentation with respect to the auditor’s perceptions of evidence reliability. What would the auditor do if the auditor evaluates the client’s controls in this regard as inadequate?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (6 reviews)
When using electronic documentation the reliability of that documentation as a form of audit evidenc...View the full answer
Answered By
SOHAN Lal
I worked 10 months on vedantu e learning platform as a doubt expert. I solved doubts as doubt chat from various subjects physics, maths and chemistry.
And along with I explained the concept behind the doubt which was used me for get the correct solution. and mostly I solved the doubts of higher standard class on vedantu.As an experienced educator, I have had the opportunity to witness firsthand the transformative power of education and tutoring. Whether it's working one-on-one with students to identify and overcome academic barriers, or helping individuals. I have seen the positive impact that education and tutoring can have on people's lives. From the sense of my accomplishment that comes with mastering a difficult subject, to the confidence that comes with acquiring new knowledge, education and tutoring provide invaluable benefits.
0.00
0 Reviews
10+ Question Solved
Related Book For
Auditing A Risk Based Approach
ISBN: 9780357721872
12th Edition
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
Research various global financial services organizations (for example, UBS AG, E-Trade, Schwab, ING, Bank of America, HSBC, RBS) through their company websites and other publicly available...
-
1. What evidence is there that Michelle lacks contentment? 2. Inwhat ways is Michelle exhibiting ambivalence toward her finances? 3. What financial idols does Michelle have in her life? 4. What goals...
-
Which one the below does not define "Work role boundaries" of a care worker limits that allow a patient and staff to connect safely in a therapeutic relationship based on patients' needs rules of...
-
What objectives are addressed by accounts payable confirmations? What form is used for accounts payable confirmations? Explain why accounts payable confirmations are often not used on an audit.
-
Think of a time when you resisted an influence attempt at work. What made you resist? Could the person attempting to influence have done anything differently to get you to behave the way he or she...
-
This exercise considers nursing home data provided by theWisconsin Department of Health and Family Services (DHFS).The State of Wisconsin Medicaid program funds nursing home care for individuals...
-
Many cities tax or ban plastic grocery bags. The rationale for these taxes and bans is an externalities argument: plastic bags are an eyesore, take up space in landfills, and damage fish, birds, and...
-
2.2 EquiBank's long-term debt and stockholders' equity for December 31, 1999 is shown in the following list. The bank had 1 million shares outstanding, million Long-term debt $ 5 Preferred stock 20...
-
On February 12, 2002, Nancy Trout and Delores Lake formed Kingfisher Corporation to sell fishing tackle. Pertinent information regarding Kingfisher is summarized as follows: Kingfisher's business...
-
All audit procedures need to be performed on or after the clients balance sheet date. (T/F)
-
Which of the following is not a review and communication activity that the auditor will engage in while completing the audit? a. Assessing detected misstatements. b. Making and correcting adjusting...
-
Find f(-1, 2) and f(6,-3) for the following. f(x, y) 2 x + y x - y
-
How many objects are eligible for garbage collection at the end of the main() method? A. None. B. One. C. Two. D. Three. E. The code does not compile. F. None of the above. package store; public...
-
Given that FileNotFoundException is a subclass of IOException and Long is a subclass of Number, what is the output of the following application? A. 15 B. It does not compile because of line q1. C. It...
-
Given the following class, which statement is correct? A. The class does not contain any security issues. B. The class contains exactly one security issue. C. The class contains exactly two security...
-
How many lines of the following declarations contain a compiler error? A. None B. One C. Two D. Three E. Four F. Five. 1: @interface Sword {} 2: public @interface Zelda { 3: private String game ();...
-
Bill wants to create a program that reads all of the lines of all of his books using NIO.2. Unfortunately, Bill may have made a few mistakes writing his program. How many lines of the following class...
-
For the example in Simple Decision Problem.xlsx, are there any probabilities that make the EMV criterion equivalent to the maximin criterion? Are there any probabilities that make the EMV criterion...
-
Explain the operation of the dividends received deduction.
-
Calculate the nominal annual cost of non-free trade credit under each of the following terms. Assume payment is made either on the due date or on the discount date. a. 1/15, net 20. b. 2/10, net 60....
-
a. If a firm buys under terms of 3/15, net 45, but actually pays on the 20th day and still takes the discount, what is the nominal cost of its non-free trade credit? b. Does it receive more or less...
-
Grunewald Industries sells on terms of 2/10, net 40. Gross sales last year were $4,562,500, and accounts receivable averaged $437,500. Half of Grunewalds customers paid on the 10th day and took...
-
A survey in one country, as reported by Los Angeles times, found 66% of young people feel themselves to be under pressure. If a sample of 8 young people in China is selected, what is the probability...
-
John wants to buy a watermelon that weighs about 5.7 pounds. The watermelon is priced at $1.58 per pound. How much is the total cost of the watermelon?
-
A wheelchair ramp is 3 2 . 5 feet long and is 3 . 5 feet tall. Find the force required to puah a wheelchair and a person ( combinded weight 1 8 8 lbs ) up the ramp.
Study smarter with the SolutionInn App