There are four methods of data collection used in the study of the current system: observation, documentation review, interviews, and questionnaires. Compare and contrast these four methods.
Answer to relevant QuestionsDescribe the purpose of Business Process Reengineering during the System Design phase.Identify the three areas of an auditor’s work that are significantly impacted by the presence of IT accounting systems. Explain the necessity for performing substantive testing even for audit clients with strong internal controls and sophisticated IT systems.Refer to the notes payable audit program excerpt presented in Exhibit 7-3. If an auditor had a copy of his client’s data file for its notes receivable, how could a general audit software or data analysis software package ...One of the most important tasks of the planning phase is for the auditor to gain an understanding of internal controls. How does this differ from the tasks performed during the tests of controls phase?
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