Explanation Test Data: The data prepared before conducting a test to evaluate the results of the test is known as test data. Test data works as a standard result for the program test and helps in deciding whether to implement the program or not. The test data to be created by an auditor are as follows: The auditor must create a test data which can check both correct and incorrect data. The auditor must create a test data before processing the program test. The auditor must compare the test data with the actual results of program testing to identify corrective action to be taken, if any. The auditor must check all the receipts recorded by the clerk in authority. These records must be compared with the program data to evaluate the performance of the system. Transaction files: Inventory receipt records: Item No. Supplier Name Item Name Quantity Purchased Purchase Price($) Total ($) 1 Company DC Hard disk 50 1,000 50,000 2 Company GSK Pointer 30 200 6,000 3 Company N Motherboard 20 500 10,000 Table (1) Original master file: Item No. Supplier Name Item Name Maximum Price ($) Total Price ($) 1 Company DC Hard disk 1,500 50,000 2 Company GSK Pointer 400 6,000 3 Company N Motherboard 900 10,000 Table (2) Updated master file: Item No...

10th Edition

ISBN: 9781337619202

Author: Hall, James A.

Publisher: Cengage Learning,

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Question

Chapter 16, Problem 1P

To determine

Describe the test data to be created and the tests to be performed by an auditor to evaluate the accuracy of inventory receipts in the receiving department.

Expert Solution & Answer

Chapter 16 Solutions

Accounting Information Systems

Ch. 16 - Prob. 1RQ Ch. 16 - Prob. 2RQ Ch. 16 - Prob. 3RQ Ch. 16 - Prob. 4RQ Ch. 16 - Prob. 5RQ Ch. 16 - Prob. 6RQ Ch. 16 - Prob. 7RQ Ch. 16 - What is the importance of the SPL?Ch. 16 - Prob. 9RQ Ch. 16 - Prob. 10RQ

Ch. 16 - Prob. 11RQ Ch. 16 - Prob. 12RQ Ch. 16 - What tests may be conducted for identifying...Ch. 16 - Prob. 14RQ Ch. 16 - Prob. 15RQ Ch. 16 - Prob. 16RQ Ch. 16 - Prob. 17RQ Ch. 16 - Prob. 18RQ Ch. 16 - Prob. 19RQ Ch. 16 - Prob. 20RQ Ch. 16 - Prob. 1DQ Ch. 16 - Prob. 2DQ Ch. 16 - Prob. 3DQ Ch. 16 - What are rounding error routines, and why are they...Ch. 16 - Prob. 5DQ Ch. 16 - Prob. 6DQ Ch. 16 - Prob. 7DQ Ch. 16 - Prob. 8DQ Ch. 16 - The systems development life cycle is a...Ch. 16 - Prob. 10DQ Ch. 16 - Prob. 11DQ Ch. 16 - Compare and contrast the following techniques...Ch. 16 - Prob. 13DQ Ch. 16 - Prob. 1MCQ Ch. 16 - Prob. 2MCQ Ch. 16 - Which of the following is NOT an SDLC controllable...Ch. 16 - Prob. 4MCQ Ch. 16 - Which of the following statements is NOT correct?...Ch. 16 - Prob. 6MCQ Ch. 16 - Prob. 7MCQ Ch. 16 - Prob. 8MCQ Ch. 16 - Prob. 9MCQ Ch. 16 - Prob. 10MCQ Ch. 16 - Prob. 1P Ch. 16 - Prob. 2P Ch. 16 - Prob. 3P Ch. 16 - Prob. 4P Ch. 16 - Prob. 5P Ch. 16 - Prob. 6P Ch. 16 - Prob. 7P Ch. 16 - Prob. 8P Ch. 16 - Prob. 9P Ch. 16 - The Balcar Companys external auditors are...Ch. 16 - Prob. 11P Ch. 16 - Prob. 12P Ch. 16 - Prob. 13P Ch. 16 - Prob. 14P Ch. 16 - Prob. 15P Ch. 16 - Prob. 16P Ch. 16 - Prob. 17P Ch. 16 - Prob. 18P

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