When conducting a systems conversion audit, why does the auditor need to test the data details between

Question:

When conducting a systems conversion audit, why does the auditor need to test the data details between the old and the new master files in both directions, that is, from old to new and from new to old?

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

Step by Step Answer:

Related Book For book-img-for-question

Auditing The Art and Science of Assurance Engagements

ISBN: 978-0133405507

13th Canadian edition

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Joanne C. Jones

See More Books

Question Posted: Dec 22, 2016 09:53 AM

See More Questions

Why does the auditor need to assess controls over information systems acquisition, development, and maintenance?
Why does the auditor need to ask if any equipment purchases are from a related party?
Why doesnt the auditor need to test the operating effectiveness of all preventive and detective controls?
Which of these is not a feature of the AES encryption cipher? Question 4 1 4 1 Answer a . . Its fast execution time. b . . Its use of Feistal networks. c . . Its ease of use in common programming...
The CVP income statements shown below are available for Armstrong Company and Contador Company. Instructions (a) Compute the degree of operating leverage for each company and interpret your results....
Charles Fontaine completed a form for Gordon Contractors in which he signed that portion of the form labeled Name of Guarantor. His signature followed immediately after a paragraph beginning, [I]n...
12. Let S = $100, = 0.30, r = 0.08, t = 1, and = 0. Using equation (12) to compute the probability of reaching a terminal node and Suidni to compute the price at that node, plot the risk-neutral...
Oslo Companys industrial photo-finishing division, Rho, incurred the following costs and expenses in the last period. During the period, Rho produced 300,000 units of industrial photo prints, which...
Exercise 7-15 On April 1, 2017, Sunland Company assigns $549,600 of its accounts receivable to the Third National Bank as collateral for a $301,200 loan due July 1, 2017. The assignment agreement...
Rachel Sanchez is a limited partner in HN Partnership, which operates a souvenir shop, and a member in Jams-n-Jellies LLC, which makes specialty food items and sells them at retail. Rachel has no...
How do high-quality perpetual records affect the auditor's tests of controls of inventory acquisitions?
Why is an organization more likely to have poor internal controls over accounts payable than over accounts receivable?
What is a special journal?
31. What is meant by path? 32. Give the formula for calculating D4 and D8 distance. 33. What is geometric transformation? 34. What is image translation and scaling? 35. Define the term Luminance
1. Explain Brightness adaptation and Discrimination 2.Explain sampling and quantization:
3. Explain about Mach band effect? 4. Explain color image fundamentals. 5. Explain CMY model.
1. Describe the fundamental steps in image processing? 2. Explain the basic Elements of digital image processing:
3. Explain the Structure of the Human eye 4. Explain the RGB model
Which forward rate cannot be computed from the one-, two-, three-, and four-year spot rates? The rate for a: A. one-year loan beginning in two years B. two-year loan beginning in two years C....
Draw and label the E and Z isomers for each of the following compounds: 1. CH3CH2CH==CHCH3 2. 3. 4. CH,CH2C CHCH2CH Cl CH3CH2CH2CH2 CH CH2CCCH2CI CHCH3 CH3 HOCH CH CCC CH O-CH C(CH
List the audit procedures that could be employed to determine whether slow-moving or obsolete items have been included in inventory.
What is meant by cost accounting records, and what is their importance in the conduct of an audit?
Below is a transcript of a video conference call between Joe, the audit partner and Leslie, the audit manager. JA: Leslie. I just got off another video call with Avis. She gave me an update on...
Suppose I have computed the cost of carbon per mile for my car at 0 . 0 1 2 per mile. Assume that the interest rate is 4 % and that I drive the car 2 8 , 0 0 0 miles per year. What is the present...
Imagine that in stable growth period, the firm earns ROIC of 10% and has after tax EBIT of 200 and reinvestment $ of 40. What is the steady state growth rate? 20% O 10% 2%
Tanner-UNF Corporation acquired as a long-term investment $160 million of 5.0% bonds, dated July 1, on July 1, 2021. Company management has the positive intent and ability to hold the bonds until...

When conducting a systems conversion audit, why does the auditor need to test the data details between

Question:

Step by Step Answer:

Testing from the old to the new relates to the completeness objectiv...View the full answer

Auditing The Art and Science of Assurance Engagements

Students also viewed these Auditing questions