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

Q: What type of internal control would recalculating the totals on a computer report be?

A: Step 1:   The rules and procedures implemented by a company to ensure the integrity of the…

Q: How do automated authorization procedures differ from manual authorization procedures?

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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: How is Parallel Simulation utilized during an audit?

A: Auditing:   It is the systematic verification of the books of accounts of an organisation by an…

Q: What is keystroke monitoring?

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

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Q: A control designed to validate a transaction at the point of data entry is a. recalculation of a…

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Q: Why should test data be saved after it has been used?

A: Test Data: The data which prepared before the conduction of a test to evaluate its results is known…

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: 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: Categorize each of the following as either an equipment failure control or an unauthorized access…

A: Access Control: Access control is one of the main security components present in an operating…

Q: Distinguish between a database lockout and a deadlock.

A: Definition: Database: The database is a collection of the data that is stored and accessed in…

Q: How can a poorly designed database result in unintentional loss of critical records?

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Q: What are some enterprise system failures?

A: INTRODUCTION: Although a business might be an enterprise, not all companies are enterprises. An…

Q: program itself will:

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

Q: Which of the following is a control that can be used to ensure that all of the components of an…

A: The procedures for rejection inputs is a  control that can be used by the auditor to ensure that all…

Q: Define check tampering.

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Q: What are some tests of physical security controls?

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Q: Explain how come a replacement algorithm is needed for a four-way set-associative cache system.

A: Solution- The replacement algorithms that are used in the case of a set-associative cache system…

Q: Explain how the magnetic audit trail functions.

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

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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: Is access control of greater concern in the flat-file or database file environment?

A: Access Control: Access control can be defined as a process which is incorporated into the IT…

Q: An electronic walk-through of the application’s internal logic is calleda. a salami logic test.b. an…

A: Answer: c. tracing.

Q: What type of internal control is preparing batch totals for check processing?

A: Internal controls: It refers to those rules and procedures that are implemented by an enterprise for…

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: Explain the lockbox system.

A: A lockbox system is a collection of lockboxes strategically located near geographic clusters of firm…

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

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Q: Describe the steps to be taken to correct an error.

A: Accounting Error:   It is an unintentional mistake in recording an accounting entry and is…

Q: Explain with an example why any computer-based application control cannot function on its own and…

A: Controls are put in place in order to check, detect and control the given situation and to record…

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: Discuss some of the problems associated with general ledger systems that do not have data coding…

A: Ledgers:   The transactions after being posted in journal and journal vouchers are shown in the…

Q: What is the purpose of a check digit?

A: A check digit is a form of control check which is used for the purpose of error detection on…

Q: What type of internal control is verifying source documents before recording transactions?

A: Step 1:   The verification of source documents means to check if all the documents relating to a…

Q: Discuss the characteristics of a computerized information system that make it different from the…

A: The system which is used to record and store the accounting or financial information is termed the…