Question: As an internal auditor, you have been assigned to evaluate the controls and operation of acomputer payroll system. To test the computer systems and programs,

As an internal auditor, you have been assigned to evaluate the controls and operation of acomputer payroll system. To test the computer systems and programs, you submit independentlycreated test transactions with regular data in a normal production run.
List four advantages and two disadvantages of this technique.

Step by Step Solution

★★★★★

3.46 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Advantages b Disadvantages Does not require extensive programming knowle... View full answer

blur-text-image
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)

Word file Icon

373-B-A-I-S (4917).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

You have been assigned to evaluate General Motors external environment using Porter's Five Forces Model. You will have to complete a bit of research to determine General Motors current state as well...

Q:

You have been assigned to work on your firms largest client, DOMO Electronics, a publicly traded company with operations in North and South America, Europe, and Asia. In your process of evaluating...

Q:

You have been assigned to evaluate a venture wherein your corporation will set up a foreign subsidiary in the developing nation of Aluvia. Aluvia is currently adopting cable television technology for...

Q:

As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test...

Q:

As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test...

Q:

As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test...

Q:

As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test...

Q:

Have you forgotten an important audit step? Explain. List five examples of specific au- dit procedures that you might recommend before reaching a conclusion. 11.3 As an internal auditor, you have...

Q:

As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test...

Q:

As an internal auditor, you have been assigned to evaluate the controls and operation of a computer payroll system. To test the computer systems and programs, you submit independently created test...

Q:

In what way is Marshalls analysis different in its treatment of time?

Q:

"A Corporate Integrity Agreement (CIA) between Eli Lilly and the Office of Inspector General of the Department of Health and Human Services requires that a Board of Directors committee annually...

Q:

Solve the given differential equation by separation of variables. sin ( 2 x ) dx + 2 y cos ^ 3 ( 2 x ) dy = 0

Q:

Describe how the principle of limited liability applies to the members of a company. 1 Define limited liability. 2 Explain a member's liability in relation to the ownership of partly paid shares in a...

Q:

Why is an active board of directors audit committee important to an organization?

Q:

What is an external financial audit, and what are the sources of audit evidence?

Q:

Why do firms outsource their IT functions? Explain the options of traditional IT outsourcing and cloud computing, and how they differ.

Q:

5 Your firm purchased machinery for $9.7 million and received immediate 100% bonus depreciation. The project will end after 5 years. If the equipment can be sold for $4.2 million at the completion of...

Q:

m Caspian Sea Drinks is considering the purchase of a new water filtration system produced by Rube Goldberg Machines. This new equipment, the RGM-7000, will allow Caspian Sea Drinks to expand...

Q:

Three mutually exclusive highway bridge projects are under consideration by a governmental agency. Which of three bridges, if any, should be recommended to the governmental agency? Use incremental...