riefly provide your opinion whether an auditors wishing to assess the adequacy of separation of functions examine a data flow diagram or system flowchart. Why

Q: Which of the following is NOT a control implication of distributed data processing? a. redundancy b.…

A: Distributed data processing is a computer network system in which different computers across the…

Q: In terms of configuration, what function does the audit trail play?

A: Here is the Answer

Q: s data independence? why is it important in a comparison of the application and centralised database…

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Q: what type of information should be included in the systems analysis report?

A: System analysis is the examination of the business problem that organizations plan to solve with an…

Q: The distributed data processing approach carries some control implications of which accountants…

A: Distributed Data Processing is the processing of data between different interconnected computers…

Q: Discuss the independence issue related to Generalized Audit Software

A: GAS stands for Generalized Audit Software, which is defined as the software created in order to…

Q: How is Parallel Simulation utilized during an audit?

A: Auditing:   It is the systematic verification of the books of accounts of an organisation by an…

Q: Explain how an embedded audit module works.

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Q: How could a computerized system’s transaction audit trail in an advancedsystem differ from one in a…

A: Audit Trail: The accounting records of an entity are provided in an audit trail. It is used to…

Q: Is a flowchart an effective documentation technique for identifying who or what performs a par-…

A: Flowchart:   A flowchart is a representation of the procedures related to transactions in the…

Q: Discuss the diffences between internal and external users of ingormation and their needs and demands…

A: Accounting Information System (AIS):   The system which helps to gather, store and process the…

Q: This chapter stressed the importance of data normalization when constructing a relational database.…

A: Data warehousing is a method through which an organization collects and manages the data from the…

Q: What are POS Systems? Enumerate their advantages versus manual data collection systems.

A: Introduction: A point of sale (POS) system is used to monitor sales and receive consumer payments.…

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: Discuss how the process of obtaining IT audit evidence is inherently different than it is in a…

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Q: Explain how an IT environment affects independent verification.

A: Bookkeeping articulations, particularly in enormous and complex associations, can contain unexpected…

Q: Describe the differences between a data flow diagram and a system flowchart. Give an example of when…

A: Data flow diagram and system flowcharts are used in the business to graphically represent the…

Q: Which of the following is a control that can be used to ensure that all of the components of an…

A: The procedures for rejection inputs is a  control that can be used by the auditor to ensure that all…

Q: When can an audit of IT be performed without directly interacting with the system?

A: Auditing:   It is a systematic verification of the books of accounts of an organisation by an…

Q: What exposures do data consolidation in a CBIS environment pose?

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Q: Suggest appropriate data entry and data processing controls to ensure spreadsheet accuracy.

A: Accuracy in data entry can be improved by identifying the source of inaccuracies, adhering to robust…

Q: necessary in the AIS

A: The Importance of Accounting Information Systems in the Accounting Curricula:    Research regarding…

Q: How are the summary views in a data warehouse different from views in an operational database?

A: Data Warehousing:   Data warehousing is a method through which an organization collect and manage…

Q: Mention two audit procedures relating to electronic data interchange controls

A: Audit: Audit is the process of verification of the compliance of the financial statements. It…

Q: Briefly describe record counts, batch totals, and hash totals. What types of errors in input…

A: Input controls: It is created to provide reasonable guarantee of received data for processing by the…

Q: Is access control of greater concern in the flat-file or database file environment?

A: Access Control: Access control can be defined as a process which is incorporated into the IT…

Q: Define audit trail. How could a computerized system’s transaction audit trail in an advancedsystem…

A: Audit Trail: The accounting records of an entity are provided in an audit trail. It is used to…

Q: Distinguish between the verification model and the discovery model approaches to data mining.

A: Data Mining:   The data mining is the technique which is used by the management reporting system…

Q: Outline the traditional problems associated with the flatfile model that are resolved by the…

A: Flat File:   Flat file is a model in which data is structured and formatted in such a way that…

Q: 1. Explain the Diagram provided below base on your understanding of the concepts of Auditing.…

A: Auditing means to check the actual facts and figure on the financial statements as per the standards…

Q: Give example of the relationship between a Human Resource Information System and MIS.

A: Human Resource Information System (HRIS) refers to the system of collecting, recording, classifying,…

Q: Discuss why control procedures over access to the data resource become more crucial under the…

A: Definition: Database Management: Database management refers to the management of databases held…

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: As an accountant, why would you need to be familiar with data normalization techniques?

A:

Q: If an organization processes transactions that have independent (unique) data needs, what type of…

A: Definition: Transaction process system: The transaction process system helps a business to process…

Q: What is the purpose of a systems analysis, and what type of information should be included in the…

A: Definition:   System analysis: System analysis is a course of action to gather the information…

Q: Three difficulties associated with using embedded audit software as part of the audit process.

A: Auditing software are used to assist the auditors in the process of auditing. Various auditing…

Q: What is the audit team’s goal in performing them in an attributessampling application?

A: Attributes sampling involves selecting a small number of transactions from the given population of…

Q: How testing transaction as appropriate in in

A: Internal Control System: An internal controls system includes a group of rules, policies, and…

Q: Explain the importance of auditing in reducing information risk.

A: Auditing refers to the evaluation conducted to determine the effectiveness of a firms internal…

Q: Refer to the system flowchart below and identify the internal control risks represented in it:

A: System flowchart is a data flow diagram that analyze the beginning criteria and end results of a…

Q: 1. Explain the audit control over data management!

A: Audit states examination of the business books or financial statements and it helps in detecting any…

Q: Discuss how the process of obtaining IT audit evidence is inherently different thanit is in a manual…

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Q: “If we document a system with a systems flowchart and data flowdiagrams, we have overdocumented the…

A: AIS termed as Accounting information system which is defined as the structure that the companies…

Q: Discuss why an understanding of legacy system technologies is of some importance to auditors.

A: Legacy system: It can be defined as the old computer hardware or software, outdated technologies,…

Q: Discuss the importance of the role of the database administrator. In the flat-file environment, why…

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