What are the advantages and disadvantages of auditing without the computer?
Question:
What are the advantages and disadvantages of auditing without the computer?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Auditing without the use of computers has its own set of advantages and disadvantages Advantages Simplicity Without computers the audit process may be ...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Modern Auditing
ISBN: 9780471542834
5th Edition
Authors: Walter Gerry Kell, William C. Boynton, Richard E. Ziegler
Question Posted:
Students also viewed these Business questions
-
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...
-
Let r and s be solutions to the quadratic equation x 2 b x + c = 0. For n N, define d0 = 0 d1 = r s dn = b dn1 c dn2 (n 2) Prove that dn = r n s n for all n N. [4 marks] (b) Recall that a commutative...
-
(i) Write down the linear program relaxation for the vertex cover problem and solve the linear program. [6 marks] (ii) Based on the solution of the linear program in (b)(i), derive an integer...
-
On January 1, 2012, Wilmes Floral supplies borrowed $2,413 from Bower Financial Services. Wilmes Floral Supplies gave Bower a $2,500 note with a maturity date of December 31, 2013. The note specified...
-
Why does Google go to such lengths to recruit staff?
-
Why is an accurate sales forecast critical for financial planning?
-
Which of the following statements would best describe the concept of materiality? (a) Materiality is a matter for the professional judgement of the auditors. (b) Materiality should be a matter of...
-
1. Do you believe that the internal combustion engine will lose its dominant position in the future? Why or why not? What time horizon are you looking at? 2. Which factors do you think will be most...
-
A glass tube of cross-sectional area 0.00013 m is partially filled with water. An oil with a density of 790 kg/m is slowly poured into the tube so that it does not mix with the water and floats on...
-
Contrast testing by (a) parallel simulation, (b) test data, and (c) integrated test facility.
-
What circumstances in an EDP system may lead to (a) similar and (b) different forms of compliance testing than in a manual system?
-
If \(X_{1}\) has mean -5 and variance 3 while \(X_{2}\) has mean 1 and variance 4 , and the two are independent, find (a) \(E\left(3 X_{1}+5 X_{2}+2 ight)\); (b) \(\operatorname{Var}\left(3 X_{1}+5...
-
Investment Guru provides investment advice to customers for fees. On 30 June 2019, it completed its first year of operations. Some of the ledger account balances of the business, before any yearend...
-
Read the below article and answer the questions that follow. Dick Smith: Former director wasnt concerned by ballooning inventory Failed retailer Dick Smith had too much inventory, including a 10year...
-
Prove that the product of two symmetric matrices is not necessarily symmetric.
-
The following is a set of data from a sample of n = 11 items: a. Calculate the covariance. b. Calculate the coefficient of correlation. c. Describe the relation between the two variables X and Y. 8 6...
-
Solve the following initial-value problem, and evaluate the solution at \(x=3.5\). (x-1)y' + xy=2x, y(2)=1
-
In about 1657 Otto von Guericke, inventor of the air pump, evacuated a sphere made of two brass hemispheres. Two teams of eight horses each could pull the hemispheres apart only on some trials, and...
-
Hardin Services Co. experienced the following events in 2016: 1. Provided services on account. 2. Collected cash for accounts receivable. 3. Attempted to collect an account and, when unsuccessful,...
-
1. Discuss with examples any difference in catering to international tourism vs domestic tourist 2 . Assess the benefits of complying with international standards, be sure to outline in your...
-
1. Have a slide on "How will implementation be monitored for resistance (a normal part of change)?" 2. Post this in the Summary of Recommended Solutions section in our task force plan. Limit it...
-
a) Provide a brief background of the Honda Motor company and industry, then identify a current ethical issue that has an effect on the industry that the Honda Motor company is operating in. 1b)...
Study smarter with the SolutionInn App