Advanced auditing is enabled through the local security policy, by using Group Policy, or by using ____________________ .

Q: What are tests of controls? What is the audit team’s goal in performing them in an…

A: Tests of controls: Test of control is performed by the auditor to verify that whether the control…

Q: List the management reports and computer files that can be used for audit evidence. What information…

A: Audit Evidence:   Evidences obtained by auditor after applying various audit procedures to verify…

Q: Compare and contrast the work of external and internal audit in relation to internal controls.

A: Internal control is an important part of every organization. It helps in maintaining the efficiency…

Q: Which of the following internal control components involves the ongoing evaluation of the…

A: Internal controls are implemented to prevent fraud in the organization. These are the rules or…

Q: What is the purpose of WWWWHH (WHEN, HOW MANY, HOW) in carrying internal audit.

A: Internal auditing is a non-partisan, objective assurance and consulting activity that aims to…

Q: Which of the following is considered an assurance engagement? Bookkeeping Preparation Compilation…

A: The question is based on the concept of Auditing.

Q: Reliability means that data are reasonably complete and accurate. Accuracy refers to the extent that…

A: Assessing the reliability of audit evidence: The reliability of audit evidence would increase when…

Q: Identify each of the following as a (a) purpose of an internal control system, (b) principle of…

A: Internal Control:   It is a process of assuring the effectiveness and efficiency of the objectives…

Q: What are some advantages of using IT and audit software when conducting an audit?

A: The audit can be defined as the independent examination of internal control, accounting records, and…

Q: determine whether true or false S1- The extent of planning will vary accordingly to the size of the…

A: The answers and relevant explanation for the True or false questions are presented hereunder : The…

Q: A CIS environment exists when a computer of any type o. size is involved in processing of an…

A: Answer: CIS is defined as one of information system which is based on computer information system.…

Q: How audit programs that need to be made to detect vulnerabilities in the firewall?

A: Auditing for security is very important and requires frequent and strict auditing that covers…

Q: How does HanaTour use the data it collects from the audit to increase the security of its data?

A: HanaTour : It is the largest travel company in Korea. The main business of HanaTour is providing…

Q: List and discuss matters of planning thatauditors should consider related to theclient’s computer…

A: Auditing:   It is an independent examination of the financial information of an organization to test…

Q: What are the three major phases in the audit team's evaluation of internal control? How does the use…

A: Internal control refers to the process that is being affected by the company’s board of directors,…

Q: Briefly explain the threats to an external auditor’s independence with examples.

A: Auditor:Auditor can be defined as the individual who carry out the process of auditing in the…

Q: Define what is meant by an audit trail and explain how it can beaffected by the client’s integration…

A: Audit trails are the manual or electronic records that chronologically catalog events or procedures…

Q: Analyze what information the auditors are needed to provide to those in charge of the client's…

A: Introduction: All significant internal control deficiencies and material weaknesses must be…

Q: trail and identify a relevant audit procedure to test the control.

A: Audit trial is a method in which the details of the accounting transactions can be found out easily.

Q: Entity level controls are designed and placed in the operation once auditors determine that Select…

A: Entity levels controls are those internal controls which help in ensuring that the management…

Q: Explain the safeguards that can be used to reduce or eliminate threats to audit independence.

A:

Q: Operating system security involves policies, procedures, and controls that determine who can access…

A: Test of controls refers to the audit process that test the control effectiveness used through the…

Q: Audit concerns and implications on risk assessment are two important factors that must be addressed…

A: For the needs of AUS, a CIS atmosphere exists once a computerized Associate in Nursing sort or size…

Q: To obtain an understanding of the relevant policies and procedures of internal control, the auditor…

A: INTERNAL CONTROLS ARE THE RISK MITIGATION STEPS TAKEN TO STRENGTHEN THE ORGANIZATION'S SYSTEMS AND…

Q: y be more successful in its monitoring and assessment of internal controls by internal auditors.

A: Internal controls are policies  processes used by management to guarantee that  financial statements…

Q: Auditors are required to document their understanding of internal control. Procedure’s manuals,…

A: Internal Control System It is important for the Auditors to examine the process of the internal…

Q: Computer-assisted Audit Techniques (CAATs) are imperative tools for auditors to conduct an audit in…

A: Computer Assisted Audit Technique(CAAT) is a tool used by auditor to evaluate the transactions,…

Q: Audit teams use the test data method to gain certain assurances with respect toa. Input data.b.…

A: Under test data method, auditor submits dummy data into the system of the client. This is done to…

Q: What are the three major phases in the audit team’s evaluation of internal control? How does theuse…

A: Following are the three major phases in the audit team's evaluation of the internal control and the…

Q: Which of the following is a possible safeguard i

A: An advocacy threat can occur when an auditor acts on behalf of their client. ... Safeguards to…

Q: Compare and contrast the organization, planning, and management and administration issues specific…

A: Auditing refers to the art of inspecting and investigating financial accounts of a company. It is…

Q: Internal control provides reasonable assurance means that ?         internal control has its…

A: Lets know briefly about the reasonable assurance. Reasonable assurance means a assurance which…

Q: IAASB defines the role of an external audit as follo

A: Answer: Concept IAASB is board of International Auditing and Assurance Standards Board. They issues…

Q: A specific internal audit assignment or project that includes multiple tasks or activities designed…

A: Audit is independent examination of financials of any organization that may be profit oriented or…

Q: Explain why obtaining of understanding of the entity and its environment as per ISA 315 in a…

A: Auditing is done by the auditor and there are various responsibilities upon the shoulders of the…

Q: Internal auditors would most appropriately perform which of the following activities during a review…

A: Role of Internal Auditors in Management Information System (MIS) Internal auditor audits the…

Q: What controls should be employed to avoid breaches into an accountijg information system.

A: An Accounting Information System (AIS) is a system which the businesses are using to recognize,…

Q: Performance auditing is oriented primarily toward * Past protection provided by existing external…

A: Auditing refers to inspection of a particular organisation or we can say company.It is mainly on…

Q: How is the primary key critical in preserving the audit trail

A: Audit Trail:   An audit trail refers to a set of records or destination and source of records that…

Q: Can you share anything that you have learned about the application of CAATs in auditing the CIS…

A: Auditing refers to the art of inspecting and investigating financial accounts of a company. It is…

Q: Describe how the audit team assesses control risk in an IT environment.

A: Control risk in the audit :           As the name suggests, it is the risk associated with the…