You have recently become auditor of a small trading entity whose system is based on a series

Question:

You have recently become auditor of a small trading entity whose system is based on a series of networked microcomputers using bought-in software for basic accounting functions. During the initial meeting with management, the managing director told you that he is really scared of all ‘this computer stuff’, particularly as there is no one in the entity who has any specialized knowledge of computers. How would you advise him? What do you think might be the key risks in such an entity?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

The Audit Process Principles Practice And Cases

ISBN: 9781473760189

7th Edition

Authors: Iain Gray, Louise Crawford, Stuart Manson

Question Posted: