Question: To obtain audit evidence that application controls are functioning for inventory system, an auditor is most likely to: a. Use specialised Audit Software. b. Enter
To obtain audit evidence that application controls are functioning for inventory system, an auditor is most likely to:
a. Use specialised Audit Software.
b. Enter test transactions that should be accepted and seeing that they are processed correctly and entering test transactions that should be rejected and seeing that they are rejected for the right reasons.
c. Vouch a random sample of processed transactions to assure proper authorisation.
d. Use generalised Audit Software.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
