Question: When a client internal control is manual, with an automated component, what is the auditor's responsibility related to the automated component of a manual controls

When a client internal control is manual, with an automated component, what is the auditor's responsibility related to the automated component of a manual controls ?What should the auditor do to meet his or her responsibility when testing manual controls that have an automated component? Describe how Tyrones testing of the manual aspects of the Receiving Report Exception Report review control might need to differ from his testing of the automated component of the control.

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!

4. When a client internal control is manual with an automated component, what is the auditor's responsibility related to the automated component of a manual control? What should the auditor do to...

When a client internal control is manual with an automated component, what is the auditor's responsibility related to the automated component of a manual control? What should the auditor do to meet...

Review the control description section on audit schedule E11, what aspects of the client's review control ( review of Receiving Report Exception Report) are manual and how might that be dependent on...

Town and Country Hardware (T&CH) is a closely owned business founded six years ago by Caleb and Jasmine Wright. T&CH has retail hardware stores located at three lake communities along the Virginia...

In January 2005, a federal jury convicted Kirk Shelton on federal conspiracy and fraud charges. Kirk Shelton was sentenced to 10 years in prison and ordered to pay $3.275 billion in restitution to...

One can only imagine the high expectations of investors when the boards of directors of CUC International, Inc. (CUC) and HFS, Inc. (HFS) agreed to merge in May 1997 to form Cendant Corporation. The...

11. Professional auditing standards indicate that an entity's internal controls consist of five interrelated components. (a) What responsibility does an auditor have related to each of these five...

Professional auditing standards indicate that an entity s internal controls consist of five interrelated components. ( a ) What responsibility does an auditor have related to each of these five...

What is integrated waste management? Why must a sanitary landfill always be included in any integrated waste management plan?

Show your work for each calculation. Make sure you label all work (A, B, C, etc.) and box or circle final answers for each. Round variable cost per unit and contribution margin per unit to 3 decimals...

Which following statements are correct Substitution cipher is an example of a historical cypher in which every plaintext letter is replaced by another fixed letter, hence it is an example of an...

Skills necessary for success in marketing include Multiple select question. analytical thinking advertising industry experience infallibility ability to work with others

1 To what extent do you think FedExs approach is likely to be effective in establishing positive psychological contracts with its workers? FedEx is the leading international package delivery and...

1 I f you were an employee in Komatsu, would you subscribe to the Komatsu Way? Komatsu, the worlds second largest manufacturer of earth- moving equipment, faced a number of issues as it sought to...

2 FedEx is a logistics company, operating on an international basis. To what extent do you think its approach could be taken up by companies in other sectors, such as manufacturing, or knowledge-...