Question: Parallel simulation involves the auditor: a. Writing a program to completely replicate the processing logic of an application program b. Using the random number capabilities

Parallel simulation involves the auditor:

a. Writing a program to completely replicate the processing logic of an application program

b. Using the random number capabilities of generalized audit software to simulate financial transactions for a period

c. Writing a program to replicate those application processes that are material to an audit opinion and using this program to reprocess application system data

d. Using generalized audit software to perform a parallel run during the implementation of a new application system

Step by Step Solution

3.45 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related Auditing Assurance Services Questions!