Why does the test-data approach only provide evidence that the control operated at one point in time?
Question:
Why does the test-data approach only provide evidence that the control operated at one point in time?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 57% (7 reviews)
Test data only test controls embedded in the compu...View the full answer
Answered By
Muhammad Ahtsham Shabbir
I am a professional freelance writer with more than 7 years’ experience in academic writing. I have a Bachelor`s Degree in Commerce and Master's Degree in Computer Science. I can provide my services in various subjects.
I have professional excellent skills in Microsoft ® Office packages such as Microsoft ® Word, Microsoft ® Excel, and Microsoft ® PowerPoint. Moreover, I have excellent research skills and outstanding analytical and critical thinking skills; a combination that I apply in every paper I handle.
I am conversant with the various citation styles, among them; APA, MLA, Chicago, Havard, and AMA. I also strive to deliver the best to my clients and in a timely manner.My work is always 100% original. I honestly understand the concern of plagiarism and its consequences. As such, I ensure that I check the assignment for any plagiarism before submission.
4.80+
392+ Reviews
587+ Question Solved
Related Book For
Auditing An International Approach
ISBN: 978-1259087462
7th edition
Authors: Wally J. Smieliauskas, Kathryn Bewley
Question Posted:
Students also viewed these Business questions
-
Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used...
-
1. Auditors initial response to computer systems was to audit around the computer. This strategy is least likely to be successful in an audit of a. A batch processing system for payroll. b. A card-...
-
Multiple Choice Questions The following questions concern auditing complex IT systems. Choose the best response. a. Which of the following client IT systems generally can be audited without examining...
-
Compute the indicated quantities for the given homomorphism. Ker () for : S 3 Z 2 in Example 13.3 Data from Example 13.3 Let S n be the symmetric group on n letters, and let : S n Z 2 be defined by...
-
Give the product that would be obtained from the reaction of cholesterol with each of the following reagents: a. H2O,H+ b. BH3 in THF, followed by H2O2 + HO- c. H2, Pd/C d. Br2 + H2O e. Peroxyacetic...
-
What is meant by continuous improvement?
-
A U.S. Treasury bond pays a 7% coupon on January 7 and July 7. How much interest accrues per \($100\) of principal to the bond holder between July 7, 2013, and August 9, 2013? How would your answer...
-
Rigney Inc. uses the allowance method to estimate uncollectible accounts receivable. The company produced the following aging of the accounts receivable at year-end. Instructions (a) Calculate the...
-
Use L . C 3 Assembly Instruction set table to convert the following code to Binary ISA codes: AND NOT RO,RO,#0 RO,RO AND RI,RI,#0 ADD RI,RI,#1 NOT RI,RI NOT RI.RI ADD RO,RO,RI
-
1. What type of team(s) do these employee teams appear to be? Explain. 2. As this story illustrated, sometimes it may take a long time for a team to reach its goal. As a manager, how would you...
-
What role do CAATs play in the overall audit plan?
-
Why is it important that data selected for parallel simulation tests are representative? How can the audit team determine if the data are representative?
-
a) Calculate the mean, median, mode, and midrange of your exam grades in your mathematics course. b) Which measure of central tendency best represents your average grade? c) Which measure of central...
-
Francine, a CPA, is planning the audit of Richmond Contractors, a construction company that reports under ASPE. Francine notes the following with respect to Richmond: Richmond records revenue using...
-
Lyle Inc. is a cash-basis, calendar-year taxpayer. In 2018, it changes to the accrual method of accounting. Its 2018 income computed under the accrual method is \(\$ 75,000\). The following...
-
Harlan Huston had a net Section 1231 gain in 2018 of \(\$ 40,000\). His net Section 1231 gains and losses were as follows: How is the \(\$ 40,000\) net Section 1231 gain treated by Harlan in 2018?...
-
Bermudan Options. Using the CRR model with \(A_{0}=100, r=4 \%\), \(\sigma=10 \%, T=0.5, N=6\). (a) Using backward induction, calculate the price of a 6-month ( \(T=\) \(0.5)\) Bermudan put option...
-
Andrew Graham had the following recognized gains and losses during 2018: What are the net tax consequences of these gains and losses to Andrew? Andrew's adjusted gross income is \(\$ 40,000\) without...
-
In a letter to the editor that appeared in the February 23, 1987, issue of U.S. News and World Report, a reader discussed the issue of space-shuttle safety. Each "criticality 1" item must have a...
-
A. Select a recent issue (paper or online) of Report on Business Magazine, Canadian Business Magazine (online only), Bloomberg Businessweek, Fast Company, The Economist, or another business magazine....
-
Why does an inventory of Rolex watches have a high inherent risk, and why does the auditor expect management to have strong controls over this inventory?
-
Describe the two extreme cases of control risk assessment that an auditor could encounter in practice.
-
What is the impact on audit work of a clean audit as compared with a dirty audit?
-
what ways do individuals navigate and negotiate their identities within the complex matrix of socialization processes, considering factors such as ethnicity, gender, and socioeconomic status ?
-
Discuss in three paragraphs how a bank can decrease its labor expense to to improve its risk/return profile. give correct answer with explanation in long.
-
discuss the concept of resocialization and its significance in situations where individuals undergo significant life transitions or experiences that challenge their existing social identities and...
Study smarter with the SolutionInn App