What items should auditors consider when deciding whether to use computer-assisted audit programs?
Question:
What items should auditors consider when deciding whether to use computer-assisted audit programs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
When deciding whether to use computerassisted audit programs CAATs auditors should consider several key factors These factors include 1 Relevance of c...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted:
Students also viewed these Business questions
-
Vana Equipment Bhd (VEB) has a sophisticated stock reporting system that tracks stock movements throughout its distribution network. A 50% mark-up is automatically added to the costs of goods when...
-
Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
-
In February 2002, a lengthy Business Week article examined a major financial scandal swirling around one of the large international accounting firms. Key features of the scandal included the...
-
A manufacturer of diaphragm seals has identified the cash flows shown for manufacturing and sales functions. Determine the no-return payback period. First cost of equipment,....................$...
-
Find an orthonormal basis for the following subspaces of R4: (a) The span of the vectors (b) The kernel of the matrix (c) The corange of the preceding matrix (d) The range of the matrix (e) The...
-
The list of representative cost drivers in the right column of this table are randomized so they do not match the list of functions in the left column. Required 1. Match each function with its...
-
Captain Billy Whizbang Hamburgers, Inc., issued 6\%, 10-year bonds payable at 95 on December 31, 2005. At December 31, 2007, Captain Billy reported the bonds payable as follows: Captain Billy uses...
-
Each of the four independent situations below describes a direct financing lease in which annual lease payments of $10,000 are payable at the beginning of each year. Each is a capital lease for the...
-
Lazonick (2014) and Edmands (2017) offer opposing views on the value of stock repurchases. Below are the links to the authors https://hbr.org/2014/09/profits-without-prosperity...
-
Which of the following tests of controls require use of the computer? a. Observe the reconciliation of control totals with computer processing results. b. Design and process test data. c. Examine...
-
Name four types of spreadsheet working papers that can be produced with microcomputers.
-
The time it takes to give a man a shampoo and haircut is normally distributed with mean 22 minutes and standard deviation 3 minutes. Customers are scheduled every 30 minutes. (a) What is the...
-
Consider the truss below. Determine the force in each member of the truss using the method of joints and state if the members are in tension or compression. -2 m B 30 kN -2 m E 30 kN -2 m 2m 40 kN...
-
Measurements and Uncertainties: A student try to determine the volume of a Copper sphere by measuring the diameter, d = 4.07 cm, using Vernier Caliper. If the Copper density is 8.96g/cm. The...
-
Q5: Assume you have a linearly polarized light beam incident on a polarizer. Calculate and plot the intensity of the beam after the polarizer as a function of polarizer's orientation angle. Assume...
-
Point charges of 4.75 C and -2.75 C are placed 0.100 m apart. (Assume the negative charge is located to the right of the positive charge. Include the sign of the value in your answers.) (a) Where can...
-
1. You measure an angle to be 0 = 33.10.4. What is sin 0sino? (Hint: Convert to radians first.)
-
Water is pumped from a lake to a storage tank 20 m above at a rate of 70 L/s while consuming 20.4 kW of electric power. Disregarding any frictional losses in the pipes and any changes in kinetic...
-
Which of the following statements is false? a. Capital leases are not commonly reported in a Capital Projects Fund. b. A governmental entity may report a Capital Project Fund in one year but not the...
-
On January 1, 2025, Cheyenne Inc. issued $5018000, 9% bonds for $4798000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. Cheyenne uses the...
-
Tamarisk Corporation incurred the following costs during 2022. Direct materials used in product $115,200 Advertising expense $43,200 Depreciation on factory 57,600 Property taxes on factory 13,600...
-
How do contemporary social movements and grassroots activism challenge existing power structures and create new spaces for political participation and social change, and what factors contribute to...
Study smarter with the SolutionInn App