Question: Normally, auditors using the ITF technique enter immaterial transactions to minimize the effect on output. This is a disadvantage because: A. the transaction will not

Normally, auditors using the ITF technique enter immaterial transactions to minimize the effect on output. This is a disadvantage because:

A. the transaction will not appear normal

b. a special routine will be required in the application system

c. designing the test data can be difficult

d, certain limit tests cannot be attempted

Step by Step Solution

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 Accounting Questions!

Q:

1. Auditors initial response to computer systems was to audit around the computer. This strategy is least likely to be successful in an audit of a. A batch processing system for payroll. b. A card-...

Q:

Normally. auditors using the ITF technique enter immaterial transactions to minimize the effect on output. This is a disadvantage because a. certain limit tests cannot be attempted. b. the...

Q:

Accounting information systems Please explain whyyyy Normally, auditors using the ITF technique enter immaterial transactions to minimize the effect on output. This is a disadvantage because Select...

Q:

Normally, auditors using the ITF technique enter immaterial transactions to minimize the effect on output. This is a disadvantage because (a) certain limit tests cannot be attempted. (b) the...

Q:

A creative engineer suggests structuring the TLB so that not all the bits of the presented address need match to result in a hit. Suggest how this might be achieved, and what might be the costs and...

Q:

There are two problems due this week (each worth 35 points) as follows. Problem 1.6 (page 20) In comprehensive paragraphs, answerrequirements a to e. You will have 5 paragraphs total of four to five...

Q:

Does anyone know where this article come from? I wanna cite it as a resource!! Thanks! 41 Auditing Insurance Companies 41.1 OVERVIEW OF THE INDUSTRY (a) Structure of the Industry, (b) Reinsurance,...

Q:

Does anyone know where this article come from? I wanna cite it as a resource!! Thanks! 41 Auditing Insurance Companies 41.1 OVERVIEW OF THE INDUSTRY (a) Structure of the Industry, (b) Reinsurance,...

Q:

Does anyone know where this article come from? I wanna cite it as a resource!! Thanks! 41 Auditing Insurance Companies 41.1 OVERVIEW OF THE INDUSTRY (a) Structure of the Industry, (b) Reinsurance,...

Q:

Hello! I need a brief summary (including the big ideas or major points of the article) along with some synthesis of the ideas and some of your own thoughts for the article that is attached. Length of...

Q:

What are the current trends in software platforms? 1. Define and describe open source software and Linux and explain their business benefits. 2. Define Java and HTML5 and explain why they are...

Q:

David Young, CFA, has decided to add some asset-backed securities (ABS) to his fixed-income portfolio. He has narrowed the choice to an automobile ABS and a fixed-rate home equity loan (second...

Q:

b. If you take in account the exchange rate variation risk, what carry trade operation will you favor? Explain

Q:

Mulan told her manager that they were almost out of the popular mangoes from India, and it would take two weeks to get more from the vendor. Mulan was concerned about the Multiple Choice markdown...

Q:

Explain how training and development play an important role in Witness.org.

Q:

How does identifying the intended outcomes of a training shape the training itself?

Q:

Explain what specific training tools and processes discussed in this chapter you would use to implement a know, show, do training approach.