True or False: A latent fingerprint is first treated withPhysical Developer followed by ninhydrin. ___________

Q: One of the most popular methods of analysing a technique involves all the following except: A.…

A: Bow -tie risk technique is to find out how much are effective the new control being adapted as…

Q: How to determine FLEV and Spread and the noncontrolling intrest ratio.

A: Financial Leverage (FLEV): Financial Leverage is a financial ratio that represents the relationship…

Q: I just need to verify that these IRRs are correct.

A: Data given:  Year  CF 1 0 500000 1 -447000 2 -447000 3 -447000 4 881000   To check…

Q: What is the relationship between ARIA and ARO for tests ofcontrols?

A: Auditing: Auditing refers to an independent examination of financial information of any…

Q: What is the control issue related to reentering corrected error records into a batch processing…

A:

Q: How does Real Time Processing affect an audit?

A: Real-time data processing is the program for running multiple rows and columns of data during a…

Q: If the system is behind schedule and if each pro- gram module is tested and no problems are found,…

A: Module: A module can be defined as the component of a program. A program comprises of one or more…

Q: Which of the following is NOT a test for identifying application errors? a. reconciling the source…

A: Application errors are those errors which occur when an application fails to work according to the…

Q: Give one example of an error that a check digit control detects.

A:

Q: For the given scenario, identify the weakness or weaknesses in internal control and opposite the…

A: Internal control is a process, performed by a board of directors of business, management and other…

Q: Choose only one answer as well as state their reasons/rationale for the answer chosen. 7) Which…

A: Size check restricts the length of the characters to be entered as an input in a particular field.…

Q: explain the relationship between hedging and measuring exposure.

A: Hedging is basically a type of risk management strategy through risk can be reduced significantly…

Q: Describe Detection Risk.

A: Risk: It is the uncertainty about the future events of the company. The adverse chances of choosing…

Q: As expert, re-write the above description correctly.

A: Entity-Relationship Data Model: The entity-relationship (ER) data model has been around for over 35…

Q: the procedures used to test the effectiveness of controls in support of a reduced assessed control…

A: Auditors generally test operating effectiveness of controls selected for testing by analysing that…

Q: ) What deficiencies in IRR can be overcome by using MIRR?

A: Introduction : Internal rate of return, commonly referred to as the IRR, can be understood as the…

Q: Define check tampering.

A:

Q: what are the advantages of using Analytical Procedures as Substantive Tests

A: solution concept Analytical Procedures as Substantive Tests               Analytical procedure means…

Q: The audit risk model consists of: AR = IR x R x DR. The detection risk is the dependent variable.…

A: Detection Risk dependent on the level of inherent risk and level of control risk. The relationship…

Q: Discuss the correction of errors in more detail.

A: Errors in Accounting: Error is a mistake committed in book keeping.

Q: Distinguish between counterbalancing and noncounterbalancing errors. Give an example of each.

A: Difference:Counterbalancing errors are the type of errors that cancels out or equalize other error…

Q: When a second independent, qualified individual provides the same information, the _____ improves.…

A: Accounting information is very important and useful for various stakeholders. These users or…

Q: Differentiate between the techniques of vouching and verification.

A: The main objective of verification shows how assets and liabilities are valued properly. To…

Q: The uniformity of the procedures and conditions related to administering tests is referred  to as…

A: To find solution to MCQ: The uniformity of the procedures and conditions related to administering…

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: How do you know to select the correct incoterm?

A: Meaning of incoterm:Incoterm or Inter Commercial Terms are nothing but set of pre-defined rules and…

Q: If detective controls signal error flags, why shouldn’t these types of controls automatically make a…

A:

Q: Distinguish between counterbalancing and non-counterbalancing errors. Give an example of each.

A: Distinguish between counterbalancing and non-counterbalancing errors. Give an example of each.…

Q: How can spooling present an added exposure?

A:

Q: How do computer-assisted procedures complete the analytical procedure audit

A: CAATS- CAATS are known as Computer Assisted Audit Techniques. These are the techniques used to…

Q: If detective controls signal error flags, why shouldn’t this type of controls automatically make a…

A: Definition:   Internal control: Internal control involves the norms and rules which are followed…

Q: During a test data procedure, why should the developers bother testing bad data?

A:

Q: What are the Effects of Prepayment Illustrated?

A: Prepayments are mainly related with mortgage backed securities & corporate bonds. MBS or…

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: Explain Confirmatory value.

A: Definition:   Relevance concept: The concept of relevance explains that any information is useful…

Q: Give an example where researchers have used an event study and what did they find? Was it consistent…

A: Efficient Market: An efficient market means the current price of a security fully reflects all…

Q: possible is reflected proaches to program Active treatment

A: The answer has been mentioned below.

Q: explain what is meant by overtrading and identify how to determine the symptoms of overtrading

A: In financial markets, trading refers to buying and selling of securities. It is done basically for…

Q: the standard deviation for part c are all wrong. could you please check it again?

A:

Q: The audit risk model consists of: AR = IR x CR x DR.  The detection risk is the dependent variable.…

A: Level of Detection Risk is dependent on levels of Inherent Risk and level of Control Risk. There is…

Q: Why "ollectivity of evidence" is "high" for "pliysicai examination" evidence?

A: The objectivity of evidence depends upon the viability of internal control, now the…

Q: Explain negative confirmation and positive confirmation.

A: A confirmation letter is sent by the auditor to the customers of the client in which the…

Q: Define risk of material misstatement.

A: Material misstatement represents the statement presented in the financial statement which is…