Parallel simulation involves the auditor: a. Writing a program to completely replicate the processing logic of an

Question:

Parallel simulation involves the auditor:

a. Writing a program to completely replicate the processing logic of an application program

b. Using the random number capabilities of generalized audit software to simulate financial transactions for a period

c. Writing a program to replicate those application processes that are material to an audit opinion and using this program to reprocess application system data

d. Using generalized audit software to perform a parallel run during the implementation of a new application system

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

Step by Step Answer:

Related Book For book-img-for-question

Information Systems Control And Audit

ISBN: 9780139478703

1st Edition

Authors: Ron Weber

See More Books

Question Posted: May 16, 2024 08:01 AM

See More Questions

Question: What as the average weekly safety inventory level of refined sugar from the beginning January 2022 to the end of July 2022? A. 512,465.9691 metric tons per week B. 316,002.1474 metric tons...
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...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
A trial balance was extracted from the books of V Baker, and it was found that the debit side exceeded the credit side by 40. This amount was entered in the suspense account. The following errors...
Describe the change in hybridization (if any) of the Al atom in the following reaction: AICH + Cl- AICI
Water privatization in South Africa has been guided by what the World Bank calls the cost recovery approach: Water should be made available to people only if the company providing it can recover its...
You are reviewing the accounting records of Cathys Antiques, owned by Cathy Miller. You have uncovered the following situations. Cite the appropriate accounting principle or assumption and suggest an...
The questions below relate to determining the CUER in audit sampling for tests of controls, using the following table: Required a. Using nonstatistical sampling, calculate TER SER for each of columns...
41. In a steam power plant, superheated steam at 10 MPa and 500C, is expanded isentropically in a turbine until it becomes a saturated vapour. It is then reheated at constant pressure to 500C. The...
Which of the following functional capabilities in generalized audit software are auditors most likely to use to examine whether the entities that the data purports to represent do, in fact, exist? a....
A functional capability that is likely to exist in generalized audit software but is unlikely to exist in many other generalized interrogation languages is a: a. Boolean expression capability b....
Refer to the information for Toby's on the previous page. Last year, Toby's Hats had net sales of $45,000,000 and cost of goods sold of $29,000,000. Toby's had the following balances: January 1...
How do risk appetite frameworks and decision analysis methodologies inform project risk management practices, including risk identification, assessment, response planning, and monitoring ?
Write a program to print below pattern? 24 4 6 8 10 12 14 16 18 20
Operating Leverage Jordan s Bake Shop has a monthly target operating income of $ 2 8 , 1 2 5 . Variable expenses are 5 0 % of sales and the bakery must sell 3 , 5 0 0 units to break even. Jordan...
Fenster contributes property with a value of $ 1 0 0 , 0 0 0 and a basis of $ 6 0 , 0 0 0 to a partnership. One month after this contribution, the partnership makes a special distribution of $ 6 0 ,...
Active dry yeast and bread machine yeast were not available in stores during the coronavirus pandemic. Fleischmann's attempted to staff two shifts to produce enough active dry yeast to put some yeast...
Find Vo(t),t>0 in the network. Briefly.
The polar coordinates of a point are given. Find the rectangular coordinates of the point. (-1, - /3)
The following departmental information is for the four departments at Samoa Industries. Total Cost Cost Driver Square Feet Number of Employees Janitorial $150,000 Square footage serviced 200 40...
The following information is available for Shanika Company for 2 0 Y 6 : Inventories January 1 December 3 1 Materials $ 7 7 , 3 5 0 $ 9 5 , 5 5 0 Work in process 1 0 9 , 2 0 0 9 6 , 2 0 0 Finished...
Logan Krause started her own consulting firm, Krause Consulting, on May 1, 2022. The trial balance at May 31 is as follows. KRAUSE CONSULTING Trial Balance May 31, 2022 Account Number Debit Credit...

Parallel simulation involves the auditor: a. Writing a program to completely replicate the processing logic of an

Question:

Step by Step Answer:

Information Systems Control And Audit

Students also viewed these Business questions