Tests of controls of a computer system a. Can be performed using actual transactions or simulated transactions.

Question:

Tests of controls of a computer system

a. Can be performed using actual transactions or simulated transactions.

b. Can be performed using only actual transactions because testing of simulated transactions is of no consequence.

c. Are impractical because many procedures within the computer activity leave no visible evidence of having been performed.

d. Are inadvisable because it may distort the evidence in master files.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Auditing Integrated Concepts And Procedures

ISBN: 9781260299397

5th Edition

Authors: Donald H. Taylor, G. William Glezen

See More Books

Question Posted: May 09, 2024 07:51 AM

See More Questions

1. In an automated payroll system, all employees in the finishing department were paid at the rate of $7.45 per hour when the authorized rate was $7.15 per hour. Which of the following controls would...
Multiple- Choice 1. The Sarbanes- Oxley Act of 2002 requires management to include a report on the effectiveness of ICFR in the entitys annual report. It also requires auditors to report on the...
DON'T SUMMARIZE JUST PARAGRAPH OF WHAT YOU THOUGHT/LEARNED CHAPTER 13 - The phrase "garbage in, garbage out" highlights the importance of input controls. If the data entered into a system are...
Josie's new job has a yearly salary of $42,000. Her salary will increase by $4000 each year thereafter. If Josie works for at this job for 30 years how much will she have been paid total over the 30...
A friend offers you a ticket to a Chicago Cubs baseball game for $50. You know you can sell the ticket to another friend for $75. What is the opportunity cost of buying the ticket but then choosing...
One of the biggest factors in determining the value of a home is the square footage. The following data represent the square footage and asking price (in thousands of dollars) for a random sample of...
To prepare the statement of cash flows, accountants for A-Mobile, Inc., vou have summarized 2008 activity in the Cash account as follows: Requirement Prepare A-Mobile's statement of cash flows for...
The following pertains to the Cereal Division of McKenzie Corporation. Conversion costs for this division were 80 percent complete as to beginning work-in-process inventory and 50 percent complete as...
Sunland Company's trial balance reported the following normal balances at the end of its first year: Cash $18240 Prepaid insurance 670 Accounts receivable 3360 Accounts payable 2690 Notes payable...
In a daily computer run to update checking account balances and print basic details on any customers account that was overdrawn, the overdrawn account of the computer programmer was never printed....
Which of the following tests of computer programs involve processing of the clients actual data by the clients and the auditors computer programs? a. Parallel simulation. b. Generalized audit...
Describe two ways in which global expansion can benefit a Canadian firm.
In order to value a company, you would need to forecast its future (a key word here) free cash flows. How would you approach this task? Using downloaded real data, try to make the forecast and see,...
Find all zeros of f(x) = -10/8x+12+12.
What do you understand about how people think and behave across cultural high and low context? Dimension High Low Time polychronic monochronic Space shared private Communication indirect direct...
Describe the phenomenon in current accounting practices that has been dubbed the Earnings Game in the article by Justin Fox. Why do companies play this game? Based off this article:...
The wholesale adoption of international accounting standards may pose a challenge for most developing countries. As well as having consequences, there may be some benefits to be derived from the...
Let f: [0, 1] x [0, 1] R be defined by Discuss.
l ask this second time correnct answer is 38,01 can we look pls Consider a non-conducting rod of length 8.8 m having a uniform charge density 4.5 nC/m. Find the electric potential at P, a...

Tests of controls of a computer system a. Can be performed using actual transactions or simulated transactions.

Question:

Step by Step Answer:

Auditing Integrated Concepts And Procedures

Students also viewed these Business questions