Question
Chapter 9, Problem 5DQ
a)
Summary Introduction
To comment: On the given statement.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
b)
Summary Introduction
To prepare: A statement of the relationship between the control plan of using prenumbered documents and the information system control goal of the validity of the event.
Introduction:
Accounting Information System (AIS) is said to be the specialized subsystem of the Information System (IS). AIS can be used in the business events for the purpose of collecting, processing, and reporting the financial information.
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Check out a sample textbook solutionAccounting Information Systems
11th Edition
ISBN: 9781337552127
Author: Ulric J. Gelinas, Richard B. Dull, Patrick Wheeler, Mary Callahan Hill
Publisher: Cengage Learning
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Accounting Information Systems
Controlling Information Systems: Business Process And Application Controls. 5DQ
Chapter 9 Solutions
Accounting Information Systems
Ch. 9 - Prob. 1RQCh. 9 - Prob. 2RQCh. 9 - Prob. 3RQCh. 9 - Prob. 4RQCh. 9 - Prob. 5RQCh. 9 - Prob. 6RQCh. 9 - Prob. 7RQCh. 9 - Prob. 8RQCh. 9 - Prob. 9RQCh. 9 - Prob. 10RQ
Ch. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQCh. 9 - Prob. 11DQCh. 9 - Prob. 1SPCh. 9 - Prob. 2SPCh. 9 - Prob. 3SPCh. 9 - Prob. 1PCh. 9 - Prob. 2PCh. 9 - Prob. 3PCh. 9 - Prob. 4PCh. 9 - Prob. 5PCh. 9 - Prob. 6P
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Similar questions
A material weakness is a situation in whicha. It is probable that an immaterial financial statement misstatement would not be detected on a timely basis.b. There is a remote likelihood that a material misstatement would be detected on a timely basis.c. It is reasonably possible that a material misstatement would not be detected on a timely basis.d. It is reasonably possible that an immaterial misstatement would not be detected on a timely basis.
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Which of the following is NOT a potential expo- sure of the FRS? a. a defective audit trail b. general ledger accounts that are out of balance with subsidiary accounts c. unauthorized access to the check register d. unauthorized access to the general ledger
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Do you agree with the statement, ‘‘The term IT auditor should be considered obsolete because it implies a distinction between regular auditors and auditors who examine computerized AIS’’? Why or why not?
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Which is not a forensic-type certificate?
A.
FASNA.
B.
CFE.
C.
CRFAC.
D.
MAFF.
A.
Gather evidence.
B.
Write reports.
C.
Assist in investigating fraud.
D.
All of the above may be required.
Which is not a forensic-type certificate?
A.
FASNA.
B.
CFE.
C.
CRFAC.
D.
MAFF.
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From the options given below which of the following is not the reason of inherent limitation of audit?
a. Limitation in accounting system O
b. Use of human judgment O c. Poor planning O
d. Human errors
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which of the following regarding errors is correct
Select one:
a. it is easier for the auditor to detect because it is not intentional
b. misappropriation of assets is an kind of errors
c. it is more difficult for the auditor to detect because it is not intentional
d. intentional misstatement of the financial statements,
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In which of the following circumstances would an auditor expect to find that an entity had implemented automated controls to reduce risks of misstatement?a. When errors are difficult to predict.b. When misstatements are difficult to define.c. When large, unusual, or nonrecurring transactions require judgment.d. When transactions are high volume and recurring.
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Which of the following characteristics is not considered essential to good audit evidence?
a.
Excessive audit evidence
b.
Sufficiency of evidence
c.
Relevance of evidence
d.
Reliability of evidence
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How can auditors ensure they are receiving authentic documentation, not forgeries?
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Which of the following is NOT a possible legal risk that can arise because of a fraud investigation conducted in an improper manner? A. Forcible entry and detainer. B. Invasion of privacy. C. Defamation. D. Malicious prosecution.
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Decide for yourself which of the following statements is correct and which is incorrect. The separation of asset recordkeeping from asset custody aids in the reduction of fraud.
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Why are external documents considered more reliable evidence than internal documents? What aspects of internal documents would help to increase their reliability?
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