What are some advantages of using a software system versus recording transactions manually (by hand)?

Q: How can Embedded Audit Modules in software be utilized in an audit?

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

Q: Now consider “segregation of duties.” Determine why it is important in an IT environment. What are…

A: Introduction:- Segregation of Duties is a basic building block of sustainable risk management and…

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

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Q: How would you find errors in recording transactions and what is the process to correct errors?

A: Often, adding a journal entry will fix an accounting error. The journal entry adjusts the retained…

Q: Discuss how the nature of the necessary internal control features is affected by switching from a…

A: There are five elements in internal controls that are necessary for producing accurate and reliable…

Q: What are the computer ethical issues regarding equity in access?

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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: What is the importance of using an isolated environment to perform penetration testing? What are the…

A: Will be explain:

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: What are some feature of integrated Accounting Software programs?

A: Integrated Accounting Software programs are applications that can perform multiple accounting…

Q: What control procedures can be used to achieve control over computer operations in an…

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Q: Discuss how the nature of the necessary internal control features is affected by switching from a…

A: Internal Control:- It is the process in which a company puts a check on their employees for each…

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: program itself will:

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

Q: What does auditing around the computer mean versus auditing through the computer? Why is this so…

A: Auditing Around the Computer and Auditing Through the Computer: In auditing around the computer,…

Q: Explain why an organization would choose to install a distributed instead of a centralized computer…

A: Choosing Distributed Data Processing: There are one or more mainframe computers in centralized…

Q: What is bolt-on software?

A: Software:   Software can be defined as a set of data, programs, and instructions that are used to…

Q: What are the computer ethical issues regarding security?

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Q: Which of the following statements most likely represents a control consideration for anentity that…

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Q: How does block chain make the trail of transactions permanent and who can view the block chained…

A: Blockchain can be said to be a diary or register where transactions are recorded. Every transaction…

Q: What are the strengths and weaknesses of a batch system with direct access files?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: What are the things that need improvement in Xero Accounting Software?

A: Xero is an accounting software. By using of this software it help business to record business…

Q: How can advanced technology transaction processing systems reduce fraud

A: Accounting is primarily concerned with identifying, recording, measuring, summarizing transactions…

Q: Which of the following is an advantage of a computer-based system for transactionprocessing over a…

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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: What are the possible scenarios in the delivery creation process? Can a SAP user create a delivery…

A: ”As per the police of our company Bartleby, we are allowed to answer only the first question in case…

Q: How would you find errors in recording transactions and what is the process to correct errors?…

A: Accounting error: Accounting errors can be defined as omission of the fundamental accounting…

Q: What types of unique control problems are created by the use of PC accounting systems?

A: PC accounting systems are usually used by small firms and also sometimes by decentralized large…

Q: Why do ERP systems need bolt-on software? Give an example of bolt-on software.

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Q: Data in a data warehouse are in a stable state. Explain how this can hamper data mining analysis.…

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Q: What are the computer ethical issues regarding artificial intelligence?

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Q: The installation of a database management system is likely to have the least impact ona. data…

A: The software used for the management and organization data, and provide the user with various ways…

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: Discuss the benefits that may be realized in switching from a computerized batch processing system…

A: The Batch systems assemble the transactions into groups called as batches for processing. The Batch…

Q: Management and auditor are concerned about segregation of duties in computer based systems? Why? How…

A: The process or technique implemented by an entity to increase the operational efficiency and…

Q: Why is so important that these two group perform separate functions and what are these functions?

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Q: As users determine new computer application needs, requests must be sent to both the system…

A: Database Management: Database management refers to management of databases held within an…

Q: Discuss how the nature of the necessary internal control features is affected by switching from a…

A: For the purpose of an internal control, functions in the manual system are located in physically…

Q: What is a New Accounting System (AIS) needed?

A: An accounting information system is an application of Information technology to accounting, audit,…

Q: Describe the differences between auditing around the computer and auditing through the computer?…

A: Auditing is the process in which the professional called auditor, performs the audit on the client…