You are the auditor for a business that has an IT-based information system. You are planning the
Question:
You are the auditor for a business that has an IT-based information system. You are planning the year-end Audit procedures related to the annual financial audit for the business.
Discuss the factors that would let you think that auditing around the computer is a more effective approach.
If the auditing around the computer approach would be selected, discuss inherent limitations associated with the output-oriented and the input-oriented methods.
If you elect to utilize the auditing through the computer approach, Discuss five factors that have an impact on inherent risks associated with IT-based information systems.
Discuss the use of test data and parallel simulation procedures in the audit separately along with related and positive and negative aspects related to each of them.
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws