What specific knowledge about computer controls should the auditor acquire in obtaining an understanding?
Question:
What specific knowledge about computer controls should the auditor acquire in obtaining an understanding?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
When obtaining an understanding of computer controls the auditor should acquire specific knowledge about various aspects of computer systems networks and controls to assess their relevance to the audi...View the full answer
Answered By
Ayush Mishra
I am a certified online tutor, with more than 3 years of experience in online tutoring. My tutoring subjects include: Physics, Mathematics and Mechanical engineering. I have also been awarded as best tutor for year 2019 in my previous organisation. Being a Mechanical Engineer, I love to tell the application of the concepts of science and mathematics in the real world. This help students to develop interest and makes learning fun and easy. This in turn, automatically improves their grades in the subject. I teach students to get prepared for college entry level exam. I also use to teach undergraduate students and guide them through their career aim.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
1. As part of understanding internal control, an auditor is not required to a. Consider factors that affect the risk of material misstatement. b. Ascertain whether internal control policies and...
-
1. Negative assurance should be expressed when an accountant is requested to report on the I. Results of applying agreed-upon procedures to an account within unaudited financial statements. II....
-
The accounting firm of Barnes and Fischer, LLP, is a medium-sized, national CPA firm. The partnership, formed in 1954, now has over 6,000 professionals on the payroll. The firm mainly provides...
-
The following sample data have been collected from two independent samples from two populations. Test the claim that the second population median will exceed the median of the first population. a....
-
British Quince comes across an average-risk investment project that offers a rate of return of 9.5%. This is less than the company's normal rate of return, but one of Quince's directors notes that...
-
Evaluate the divergence of the following vector fields: (a) A = xya x + ya y - xza z (b) B = za p + sin a + 2z sin a z (c) C = ra r + r cosa
-
What factors might an organisations management bear in mind when deciding whether or not to adopt an HRM approach to the management of employees?
-
Schaads Stews, Inc., completed the following transactions during June, 2012: Jun 1 Prepaid rent for June through September, $3,600. 2 Purchased computer for cash, $900. 3 Performed catering services...
-
In a chart of accounts using three digits for each account , each numeric digit has meaning to users of the AIS . For example , a numeric digit may represent either a major category of accounts , a...
-
. What are the three main CAATs used in testing controls? Compare and contrast these techniques.
-
What are some of the differences between using computers and using a manual system on an entitys internal controls?
-
An article in the Wall Street Journal stated that GDP figures are a measure of all the goods and services that are produced in an economy during a particular period. Briefly explain whether you agree...
-
Select an industry that you are interested in, that is in your pathway, and a US company. Do an internet search with the term "sustainability report" and your company name. Once you find a company...
-
You are planning to buy a house in Toronto that has a price of $1,200,000. One of the local banks has offered you a mortgage at a quoted rate of 5% per year. Interest will be compounded semiannually....
-
Identify two significant concepts you have learned from each course You must have at least 6 courses with 12 total concepts. Identify the course in a heading, describe each concept, and explain why...
-
Use Trigonometric Identities to write each expression in terms of a single trigonometric identity or a constant. 1. cot sin 2. 1-sin sin20 1.) 2.) 3. sin 0 sec 0 cos 8 csc 8 cote 3.) Simplify the...
-
Quantitative models and using statistical analysis to evaluate the factors that drive markets, asset classes and individual securities. Would you invest based on a developed model? Why or why not?...
-
1. A key internal control in the revenue process is the separation of duties between cash handling and record keeping. The objective most directly associated with this control is to verify that a....
-
Suppose that a company has 10.000 outstanding shares in the beginning of the year. On April 1st, the company increases its shares by 6.000. On July 1st, the company increases its shares again, but...
-
Jerry believes that his accountant will help answer the many questions he has about properly recording cost of plant and equipment, including depreciation. What is depreciation and why do accountants...
-
Tiger Furnishings produces two models of cabinets for home theater components, the Basic and the Dominator. Data on operations and costs for March follow: Basic Dominator Total Units produced 1,280...
-
The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Date Per Unit Jan 1 Transaction Number of Units Inventory 9,000...
Study smarter with the SolutionInn App