3. Distinguish between errors and irregularities. Which do you think concern the auditors the most?

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter7: Planning The Audit: Identifying, And Responding To The Risk Of Material Misstatement
Section: Chapter Questions
Problem 18MCQ
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Distinguish between errors and irregularities. Which do you think concern the auditors the most?

3. Distinguish between errors and irregularities. Which do you think concern the auditors the most?

4. Compare and contrast the following disaster recovery options: empty shell, recovery operations center, and internally provided backup. Rank them from most risky to least risky, as well as most costly to least costly

. 5. Auditors examine the physical environment of the computer center as part of their audit. Many characteristics of computer centers are of interest to auditors. What are they? Discuss.

6. What is a disaster recovery plan? What are the key features?

7. What are some typical problems with passwords?

8. What are biometric devices?

9. In a distributed data processing system, a database can be centralized or distributed. What are the options? Explain.

10. Explain the role of accountants in the conceptual design stage.

11. Explain why the Systems Development Life Cycle is of interest to accountants. What is the accountant’s role in the Systems Development Life Cycle?

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