Briefly explain the manner in which (a) input and output controls and (b) processing controls may be

Question:

Briefly explain the manner in which

(a) input and output controls and

(b) processing controls may be tested when an EDP system is used for cash receipts transactions.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Modern Auditing

ISBN: 9780471542834

5th Edition

Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler

See More Books

Question Posted: May 04, 2024 11:01 PM

See More Questions

4 Comparative Programming Languages illustrating your answer by explaining the meaning of the following fragment of code: [self isAwake] whileTrue: [| item | item := self askForCookie. (self...
1. When an online, real- time ( OLRT) EDP system is in use, internal control can be strengthened by a. Providing for the separation of duties between data entry and error- listing operations. b....
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
Explain why a safety net can save the life of a circus performer.
At what stage, and how, should Dean sell his idea to the Joinery Manager and the workers?
Why is a sole proprietorship the simplest form of business?
What audit tests do you think would be most appropriate for monetary unit sampling? (a) To select a sample of debtors to confirm their balances. b) To ensure an appropriate level of management has...
1. Which of the following is an example of moral hazard? a. Reckless drivers are the ones most likely to buy automobile insurance. b. Retail stores located in high-crime areas tend to buy theft...
Emily is using another wavy pattern on a large cake that she wants to be consistent. She decides to use the function f(x)=5cotx to create the pattern. Help Emily to determine its stretching factor...
Jerome Paper Company engaged you to review its internal control system. Jerome does not prelist cash receipts before they are recorded and has other weaknesses in processing collections of trade...
Describe or illustrate the two ways the attribute, proper granting of cash discounts, can be stated in a sampling plan.
If your school has a subscription to the FASB Codification, log in and prepare responses to the following. Instructions a. Access the glossary (Master Glossary) to answer the following: 1. What is...
Identify the error in Table 3.10, showing consumer prices and the change in prices based on a price index equal to 100 in 2000. Table 3.10 Year Price Index Change from Previous Year Change from 2000...
Talk with a loan officer at a local bank or credit union. Discuss the approval qualifications for unsecured, secured, and home equity loans and the range of interest rates available with each. Also,...
Before you can develop an investment plan, you must identify your investment goals. List five short-term and five long-term investment goals for yourself. Ask your spouse or other friends or family...
How does the performance of DynaVox, from Figure 12.1, support the idea that "investing" in IPOs may be a form of speculation? Figure 12.1 FIGURE 12.1 Five Best and Worst IPOs of 2010 Jubilant...
The timing of a securities transaction is very important. Differentiate among day orders, open orders, GTC orders, and fill-or-kill orders. In addition to the timing of orders, pricing instructions...
A 1.00-kg object slides to the right on a surface having a coefficient of kinetic friction 0.250 (Fig. P8.60). The object has a speed of vi = 3.00 m/s when it makes contact with a light spring that...
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
The magnitude of a force vector F is 83.6 newtons (N). The x component of this vector is directed along the +x axis and has a magnitude of 70.4 N. The y component points along the +y axis. (a) Find...
work in process-assmbley department Bal., 5,000 units, 40% completed Direct materials, 118,000 units @ $1.7 Direct labor Factory overhead Bal., 2 units, 30% completed Work in Process Assembly...
Three fixed point source charges (QA = +Q and QB = Qc = -2) form an isosceles triangle, as shown. A point test charge (not shown) can be moved around the plane containing the three sources. Show...

Briefly explain the manner in which (a) input and output controls and (b) processing controls may be

Question:

Step by Step Answer:

a Testing Input and Output Controls Input Controls 1 Validate Data Entry Validators and range checks can be implemented to ensure that only valid data ...View the full answer

Modern Auditing

Students also viewed these Business questions