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

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: Differentiate “auditing around the computer” and “auditing through the computer”.

A: Auditing is a process of examining the control system of an organisation so that it can be…

Q: riefly provide your opinion whether an auditors wishing to assess the adequacy of separation of…

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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: QUESTION 4 In Information technology, tests of controls and substantive test can be performed using…

A: Computer assisted audit techniques (CAATs) refer to the use of technology to help you evaluate…

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

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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: Discuss how the process of getting IT audit evidence differs fundamentally from the method of…

A: Audit Evidence: Audit evidence is the proof in the form of receipts, invoices andother documents…

Q: software

A: Ans. Their are various benefits of using audit engagement management software few of them are…

Q: ider “control environment.” Why it is important for auditors to understand a client’s control…

A: A controlled environment refers to the term "Internal control environment" which implies that the…

Q: A primary advantage of using CAATs in the audit of an advanced computerized system is that it…

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Q: Consider “segregation of duties.” Why it is important in an IT environment. What are some advantages…

A: segregation of duties means that no single person should be solely accountable for certain business…

Q: Explain the link between application controls and the audit goals for transaction-related audits.

A: Introduction: In the context of an application, application control is a check-in in which the…

Q: program itself will:

A: Auditing is the investigation, inspection, or examination of the financial statements of an…

Q: Explain the purposes and benefits of audit documentation software.

A: Purpose of audit documentation are: To provide a basis for planning the audit. The auditor may use…

Q: Identifying the condition of the data is part of which task?   A. Performing a data audit B.…

A: Identifying the data means you are in a search of some information that is useful for you.

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: 1. Computer Assisted Audit Techniques (CAATs) are important tools than an IS auditor uses to gather…

A: We shall answer the first question since the exact question wasn't specified. Please resubmit a new…

Q: Which of the following is NOT part of the systems implementation process? a. converting databases b.…

A: Select the correct option from the above.

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

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Q: Define what is meant by compliance auditing

A: Auditing: Auditing is the process by which assertions made by management about financial…

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: Discuss three audit implications of XBRL and the impact of XBRL on data analytics.

A: XBRL stands for "extensible business reporting language" which is a type of electronic language for…

Q: What are the similarities between internal and external audit

A: Audit is an official financial inspection of an organization's account, usually by an independent…

Q: 1) Which of the following statements is the most accurate?     a. Data analytics can be…

A: Tool for analyzing the data set in a systematical manner. An auditor can use the data analytics tool…

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: an introduction about the effect of artificial inteligence on audit

A: The on-site verification activity of a process or quality system, such as inspection or examination,…

Q: What is the benefit of Generalized Audit Software in an audit?

A: Definition:   Generalized audit software (GAS): The software which assists an auditor to perform…

Q: Select one method an auditor can use to audit through the computer system. Explain how the method…

A: Auditing through a computerized system is done by many small, large companies. The auditor does the…

Q: Discuss three audit implications of XBRL.

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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: Why might an auditor use a program flowchart?

A: Flowchart:   Flowchart is representation of procedures concerned with the transactions in the…

Q: Explain how PCAOB inspections can lead to improvements in audit engagement quality.

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Q: Explain what lapping means, and discuss the internal control deficiency that allows it to occur.…

A: Lapping: When cash is received from a debtor, the employee enters the transaction into the company's…

Q: Briefly provide your opinion whether an auditor wishing to assess the adequacy of separation of…

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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: What is the purpose of the client’s performance measurementsystem? How might that system be useful…

A: Indicate the purpose of the client's performance measurement system and explain the way in which…

Q: Why is segregation of duties important in an IT environment. What are some advantages of using IT…

A: Segregation of Duties  is a critical component of risk management and internal controls in 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: Explain the terms 'audit software' and 'test data' and list the advantages of using CAATs in an…

A: Audit software is computer program which is designed to assist in examine and testing clients…

Q: 1.Explain the importance of internal controls to auditors and management.

A: The formulation of internal controls is done by the management and the testing is done by auditors…

Q: Explain the three ways that audit trails can be used to support security objectives.

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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…