Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Salt and Pepper Enterprise (SPE) Ltd is a small manufacturing company with approximately twenty employees and uses manual accounting system. Due to business expansion, SPE

Salt and Pepper Enterprise (SPE) Ltd is a small manufacturing company with approximately twenty employees and uses manual accounting system. Due to business expansion, SPE install an advanced IT-based accounting system to replace its manual system a) Explain how the various components of SPEs internal control on the accounting system have been affected by the adoption of an IT-based accounting system. b) State how the use of the computer by SPE affects the work of the auditor in respect of internal controls and audit evidence.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Complete Guide

Authors: Gerardus Blokdyk

2023rd Edition

1038805538, 978-1038805539

More Books

Students also viewed these Accounting questions

Question

What is the Keynesian rationale for a short-run Phillips curve?

Answered: 1 week ago