ACC 411 Module 4-1 Assertions Assignment

a. Explain the advantages of using GAS to assist with IT audits, and give five examples of how it may be used. b. Describe the audit purpose facilitated and the procedural steps to be followed when using the following CAATTs: 1. ITF 2. EAM 3. Parallel simulation

Match each word or phrase with the best description of it.     Descriptions   Words / Phrases related tocomputerized accounting systems a.   Allows multiple users to access the system at the same time.                                                              Audit trailInternal controlNetwork-compatibleEnterprise resource planning systemsEntry-level software b.   Enables the tracking of all transactions.                                                              Audit trailEnterprise resource planning systemsEntry-level softwareNetwork-compatibleInternal control c.   Identifies suspicious transactions or likely mistakes such as wrong account numbers or duplicate transactions.                                                              Audit trailInternal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatible d.   Large-scale computer systems that integrate all aspects of the organization including accounting, sales, human resource…

Explain the Diagram provided below base on your understanding of the concepts of Auditing

Match the two lists, below, by placing the capital letter from List 1 in each of the cells preceding the five descriptions in List 2 to which they best relate. One description in List 2 can be answered with 2 matches from List 1. Therefore, you should have 2 letters left over from List 1. List 1: Concepts A. Application (i.e., automated) control. B. Corrective control. C. Control environment. D. Input validity. E. Input completeness. F. Input accuracy G. Update completeness. H. Efficient use of resources. List 1: Capital letter List 2: Definitions/Descriptions 1. Insurance policy reimburses a company for losses due to a fire in a warehouse. 2. Shipping notices have a serial number that is tracked to ensure that they are all input. 3. Computer reviews each input to ensure that all the required data are included. 4. Inventory movements are tracked with a scanner to reduce manual counting. 5. Purchase orders are signed to approve the purchase.

After a receipt is uploaded into QBO, the user will need to ______ the data and ensure the receipt is properly categorized and classified. Select one: a. Sort b. Save c. Journalize d. Review

Explain the Diagram provided below base on your understanding of the concepts of Auditing.

Performance Task #1. Introduction to PSA 401 Instructions: Provide for the requirements given to you below. Output must be placed in a Microsoft Word following the formats specified. Your answers must be in paragraphs and must contain first person point of view. God bless! 1. Explain the sentence "The overall objective and scope of an audit does not change in a CIS environment. However, the use of a computer changes the processing, storage and communication of financial information and may affect the accounting and internal control systems employed by the entity." 2. Explain why the auditor should have sufficient knowledge of the CIS to plan, direct, supervise and review the work performed. 3. Differentiate the process of planning the audit in a manual system and a computerized system. 4. Identify the risks of using a computerized system in the process of audit. 5. Explain the sentence "The auditor's specific audit objectives do not change whether accounting data is processed manually…

Subject Accouting Information System 10th edition .Please solve all the questions with give examples and situation for each them

Define and explain the following. Provide two references A: Audit  data analytics B: Audit data analytics procedures.

Input validation includes field interrogation that examines the data in individual fields. List four validation tests and indicate what is checked in each. Please give specific examples for each one of them.

subject: accounting information system Q7:explain Program flowcharts and give two examples

As the user company's external auditor, which SOC report will you require your client to obtain? Multiple Choice SOC1 Type 2 report. SOC 2 Type 1 report. SOC 3 Type 2 report. SOC 2 Type 2 report.

fast plz Which of the following is a valid reason for testing the operating effectiveness:        Communicate findings and recommendations          Authorization based on information provided by the management observations                Review the results for periodic reconciliation                    Authorization based on the information provided by internal source

Identify each item 1 through 10 with the system component A through E that it is best associated with. A. Source documents B. Input devices C. Information processors D. Information storage E. Output devices 1. Computer keyboard 2. Printer 3. Monitor 4. Bank statement 5. Ledger software 6. Cloud storage 7. Journal software 8. Invoice from supplier 9. Computer scanner 10. Filing cabinet