DATA ANALYTICS F/ACCT (LL) W/CONNECT
1st Edition
ISBN: 9781260931884
Author: RICHARDSON
Publisher: MCG CUSTOM
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Chapter 2, Problem 7DQ
To determine
Explain why the analyst still needs to understand the raw data very well in order to complete the data request.
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Among the client electronic data processing (EDP) systems listed below, which one can typically undergo an audit without the need for examining or directly testing the EDP computer programs of the system?
Select one:
a.
A system that updates a few essential master files and produces no printed output other than final balances.
b.
A system that affects a number of essential master files and produces a limited output.
c.
A system that performs relatively uncomplicated processes and produces detailed output.
d.
A system that performs relatively complicated processing and produces very little detailed output.
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In the aftermath of the initial stage of examini
Among the client electronic data processing (EDP) systems listed below, which one can typically undergo an audit without the need for examining or directly testing the EDP computer programs of the system?Select one:
a.
A system that updates a few essential master files and produces no printed output other than final balances.
b.
A system that affects a number of essential master files and produces a limited output.
c.
A system that performs relatively uncomplicated processes and produces detailed output.
d.
A system that performs relatively complicated processing and produces very little detailed output.
You are conducting substantive tests on the Accounts Receivable file to verify its accuracy. The file is large, and you decide to test only a sample of records. Because of the complexity of the database structure, you cannot access the database directly. The client's systems programmer uses a utility program to write a query that produces a flat file, which he provides for testing purposes. Discuss any concerns you would have as an auditor and any actions you would take.
Chapter 2 Solutions
DATA ANALYTICS F/ACCT (LL) W/CONNECT
Ch. 2 - Prob. 1MCQCh. 2 - Prob. 2MCQCh. 2 - Prob. 3MCQCh. 2 - Prob. 4MCQCh. 2 - Prob. 5MCQCh. 2 - Prob. 6MCQCh. 2 - Prob. 7MCQCh. 2 - Prob. 8MCQCh. 2 - Prob. 9MCQCh. 2 - Prob. 10MCQ
Ch. 2 - Prob. 1DQCh. 2 - Prob. 2DQCh. 2 - Prob. 3DQCh. 2 - Prob. 4DQCh. 2 - Prob. 5DQCh. 2 - Prob. 6DQCh. 2 - Prob. 7DQCh. 2 - Prob. 8DQCh. 2 - Prob. 9DQCh. 2 - Prob. 10DQCh. 2 - Prob. 1PCh. 2 - Prob. 2PCh. 2 - Prob. 3PCh. 2 - Which attributes from the College Scorecard data...Ch. 2 - Prob. 5PCh. 2 - Which attributes from the College Scorecard data...Ch. 2 - Use the College Scorecard data to determine if...Ch. 2 - Prob. 8PCh. 2 - Prob. 9P
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Similar questions
- Which of the following statements is NOT correct? a. EAMs capture transactions during processing without removing the application from service. b. EAMs support continuous monitoring of controls. c. EAMs have the potential to corrupt corporate databases d. EAMs decrease operational performance. e. All of the above are correct statements.arrow_forwardWhich of the following statements is most accurate? a. ERP systems are commercial software packages that are sometimes called turnkey systems because they can be implemented by the user with little or no modification. b. Substantive tests provide evidence focused on the system controls. c. Public accounting firms that provide attest services are not allowed under SOX to offer IT advisory services. d. Both small and large firms that have standardized information needs are potential customers for commercial software. e. External auditors may rely on the work of internal auditors only if they report to the controller or the CEO of the client company.arrow_forwardWhich of the following is NOT an SDLC controllable activity? a. External audit participation b. User specification c. Systems authorization d. User test and acceptance procedures e. All are SDLC controlsarrow_forward
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