What items should auditors consider when deciding whether to use computer-assisted audit programs?
Question:
What items should auditors consider when deciding whether to use computer-assisted audit programs?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
When deciding whether to use computerassisted audit programs CAATs auditors should consider several key factors These factors include 1 Relevance of c...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Auditing An Assertions Approach
ISBN: 9780471134213
7th Edition
Authors: G. William Glezen, Donald H. Taylor
Question Posted:
Students also viewed these Business questions
-
Vana Equipment Bhd (VEB) has a sophisticated stock reporting system that tracks stock movements throughout its distribution network. A 50% mark-up is automatically added to the costs of goods when...
-
Required a. Use professional judgment in deciding on the preliminary judgment about materiality for earnings, current assets, current liabilities, and total assets. Your conclusions should be stated...
-
In February 2002, a lengthy Business Week article examined a major financial scandal swirling around one of the large international accounting firms. Key features of the scandal included the...
-
A manufacturer of diaphragm seals has identified the cash flows shown for manufacturing and sales functions. Determine the no-return payback period. First cost of equipment,....................$...
-
Find an orthonormal basis for the following subspaces of R4: (a) The span of the vectors (b) The kernel of the matrix (c) The corange of the preceding matrix (d) The range of the matrix (e) The...
-
Sonny Beam established Solar Supply Corporation earlier in the current year. To obtain resources, he contributed $5,000 of his savings to the company, had the company borrow $8,000 from his mother,...
-
An individuals roles influence that persons buying behavior. Identify two of your roles, and give an example of how they have influenced your buying decisions.
-
Green Day Corporation had income from continuing operations of $12,600,000 in 2004. During 2004, it disposed of its restaurant division at an after-tax loss of $189,000. Prior to disposal, the...
-
A taxpayer takes out $150,000 of a loan A taxpayer takes out $150,000 of a loan against their property as a home equity line of credit, using most of the funds for personal uses. In the end, about...
-
Which of the following tests of controls require use of the computer? a. Observe the reconciliation of control totals with computer processing results. b. Design and process test data. c. Examine...
-
Name four types of spreadsheet working papers that can be produced with microcomputers.
-
It is the bottom of the ninth inning at a baseball game. The score is tied and there is a runner on second base when the batter gets a hit. The 85 kg base runner rounds third base and is heading for...
-
Sisk Company has owned 10 percent of Maust, Inc., for the past several years. This ownership did not allow Sisk to have significant influence over Maust. Recently, Sisk acquired an additional 30...
-
Perez, Inc., applies the equity method for its 25 percent investment in Senior, Inc. During 2011, Perez sold goods with a 40 percent gross profit to Senior. Senior sold all of these goods in 2011....
-
When an investor elects the fair-value option for a significant influence investment, cash dividends received by the investor from the investee should be recorded as a. A deduction from the investors...
-
Give an example of stratifying a population of purchase orders.
-
Which of the following reasons best explains why a practitioner should obtain an engagement letter for a PrimePlus engagement? a. Attestation standards require that the practitioner use an engagement...
-
Cite five important characteristics for polymers that are to be used in thin-film applications.
-
Which of the following statements is false? a. Capital leases are not commonly reported in a Capital Projects Fund. b. A governmental entity may report a Capital Project Fund in one year but not the...
-
Mark Welsch deposits $7,300 in an account that earns interest at an annual rate of 8%, compounded quarterly. The $7,300 plus earned Interest must remain in the account 1 years before it can be...
-
Exercise 7-9 (Algo) Second-Stage Allocation to an Order [LO7-4] Durban Metal Products, Limited, of the Republic of South Africa makes specialty metal parts used in applications ranging from the...
-
Classify each of the following costs as either unit-level, batch-level, product-level, or facility-level. a. Engineering costs for a new product b. Order processing c. Depreciation on factory d....
Study smarter with the SolutionInn App