Question: An example of a program in which the audit team would be most interested in testing auto-mated application controls is a(n) a. Payroll processing program.

An example of a program in which the audit team would be most interested in testing auto-mated application controls is a(n)
a. Payroll processing program.
b. Operating system program.
c. Data management system software.
d. Utility program.

Step by Step Solution

★★★★★

3.27 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a Correct A payroll processing program is an example of user software that ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

332-B-A-A-A-N (2759).docx

120 KBs Word File

Students Have Also Explored These Related Auditing Questions!

Is an initial public offering an example of a primary or a secondary market transaction?

Is an initial public offering an example of a primary or a secondary market transaction? Explain.

In this exercise, we construct an example of a sequence of random variables Zn such that but That is, Zn converges in probability to 0, but Zn does not converge to 0 with probability 1. Indeed, Zn...

Mid Term Advanced Auditing- ACC504 1. What is the term used to identify the risk that the client's financial statements may be materially false and misleading? A. Business risk. B. Information risk....

There are 4 testing methods for testing the effectiveness of controls (Inquiry, Observation, Document Examination, and Re-performance). Provide an example of how Jims audit team could use each of the...

Here is the Case study and the brief together please do from part 2 to part 5 by reading the case study. P.S don't reat the whole case study its bit lengthy. Just include all the questions asked in...

On June 29, 2018, Mark Zuckerberg, the founder, Chairman, and CEO of Facebook, had to determine how to address lawmakers' concerns about protecting users' privacy rights. On March 17, The New York...

Need to change the attached to my own words. Let me know if any questions 1. What is the difference between an information technology general computing control and an automated application control?...

Osmium 19176Os (atomic mass = 190.960 920 u) is converted into iridium 19177Ir (atomic mass = 190.960 584 u) via - decay. What is the energy (in MeV) released in this process?

Jordan, age 46, currently makes $143,000. She expects that inflation will average 2.75 percent for her entire life expectancy. She expects to earn 8.5 percent on her investments and retire at age 65...

44. LO.5 Elmwood, Inc., a domestic corporation, owns 15% of Correy, Ltd., a Hong Kong corporation. The remaining 85% of Correy is owned by Fortune Enterprises, a Canadian corporation. At the end of...

Does the historical evidence suggest that investing in emerging markets is more or less risky than investing in developed markets?

An important component of the United States legal system is the right to a trial by a jury of ones peers. Does a typical jury have the ability to understand complex accounting issues? Should fraud...

Briefly explain why the severity of the wrongdoing alleged against the auditor and the closeness of the relationship between the plaintiff and auditor have an impact on the likelihood that the...

If a plaintiff purchased securities and initiates a civil liability suit against a CPA, what must be proven under the 1933 and 1934 Securities Acts for the plaintiff to prevail? Place yes or no in...

Which EAP method requires installing digital certificates on both the server and client? PEAP EAP - CA EAP - TLS EAP - SSL

Read the quotes from to the article: The Bank of Russia took steps on Monday to restore confidence, and more than doubled interest rates to 20 percent from 9.5 percent in order to offset the rapid...

Blue Bull, Inc., has a target debt-equity ratio of .77. Its WACC is 8.6 percent, and the tax rate is 30 percent. Required: (a) If the companys cost of equity is 11.7 percent, what is its pretax cost...