Answered: explain the normal process and auditor…

explain the normal process and auditor can would expect to find in the client system governing changing to computer system why is auditor concern about computer changes

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 21RQSC

See similar textbooks

Related questions

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: 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: 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: When an auditor tests the internal controls of a computerized accounting system, which of the…

A: Internal controls are the procedures that are implemented for controlling the fraudulent activities…

Q: Outline from your own understanding the roles of the following people in information system audit…

A: Auditing is a process of inspecting the financial accounts of a company in order to determine the…

Q: Explain how client internal controls can be improved through the proper installation of IT.

A: Internal controls are defined as the procedures, mechanisms and rules executed through company in…

Q: Describe the procedures typically performed when conducting an IT audit related to: a. Systems…

A: Audit procedures Audit procedures are those steps that are performed by auditors to get all the…

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: Differentiate “auditing around the computer” and “auditing through the computer”.

A: Auditing is a process of examining the control system of an organisation so that it can be…

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

Q: Which of the following is NOT a test for identifying application errors? a. reconciling the source…

A: Application errors are those errors which occur when an application fails to work according to the…

Q: List and discuss matters of planning thatauditors should consider related to theclient’s computer…

A: Auditing: It is an independent examination of the financial information of an organization to test…

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: Explain why certain duties that are deemed incompatible in a manual system may be combined in a…

A: Computer-Based Information System: Computer-based information system refers to that arrangement…

Q: The system experts perform the design and implementation phases of the system development life…

A: Accountants are involved in the creation of systems in three ways. The first is that accountants are…

Q: Which of the following is the most important factor in planning for a system change? a. Having an…

A: Answer: Option d

Q: Explain the normal process an auditor would expect to find in the client's systems. governing…

A: Audit: It is a systematic examination of books of accounts of an individual or a firm. It is done by…

Q: program itself will:

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

Q: a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing…

A: “Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…

Q: Explain the purposes and benefits of audit documentation software.

A: Purpose of audit documentation are: To provide a basis for planning the audit. The auditor may use…

Q: Computer applications use routines for checking the validity and accuracy of transaction data called…

A: Accounting Information System: The system which helps to gather, store, and process the accounting…

Q: Audit approaches to computerized systems – Auditing around and through the computer

A: Audit:- It is means verification of the accounting books whether the company is following the…

Q: Describe the various elements of a computer system and explain the distinctive features of a…

A: The computer system has the following elements 1. Hardware: It includes the monitor, printer,…

Q: For each of the changes, discuss the impact on the internal control system and the independent…

A: "Hey, since there are multiple questions posted, we will answer the first question. If you want any…

Q: The client’s computerized exception reporting system helps audit teams conduct a moreefficient audit…

A: Answer: b. Highlights abnormal conditions.

Q: The system experts perform the design and implementation phases of the system development life…

A: A system development lifecycle is considered as the process of developing a system for the…

Q: Process Activities PIC Order data that is inputted on the PDA is synchronized to the computer to…

A: Part 1 Automatic creation of Sales data from order data is not an effective method from Internal…

Q: 4. Create a data flow diagram of the current system. b. Create a system flowchart of the existing…

A: “Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…

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: Match each word or phrase with the best description of it. Descriptions Words / Phrases…

A: Answer a: Allows multiple users to access the system at the same time.- Network - Compatible…

Q: How do computer-assisted procedures complete the analytical procedure audit

A: CAATS- CAATS are known as Computer Assisted Audit Techniques. These are the techniques 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: Which of the following is NOT a data communications control objective?a. maintaining the critical…

Q: Why might an auditor use a program flowchart?

A: Flowchart: Flowchart is representation of procedures concerned with the transactions in the…

Q: List the control features that directly contribute to the security of the computer center…

A: Computer Center: An enterprise established for performing complex and laborious computation tasks by…

Q: Research on the following: a. Auditing with the computer b.…

A: The dynamic system has an EDP audit as a check and balance. An EDP audit could reveal a slew of jobs…

Q: omputer processing uniformly subjects like transactions to the same processing instructions.…

A: EDP is the electronic data processing system which is also known Management information system. It…

Q: How testing transaction as appropriate in in

A: Internal Control System: An internal controls system includes a group of rules, policies, and…

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: 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: General Controls. Indicate the benefits of each of the following examples of general controls. a.…

A: a) Echo checks are designed and built in to the computer by the manufacturer. This enables the…

Q: The data attributes that a particular user has permission to access are defined by the a. operating…

Question

explain the normal process and auditor can would expect to find in the client system governing changing to computer system why is auditor concern about computer changes

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Describe the differences between auditing around the computer and auditing through the computer? Which one is more effective in a computerized accounting information system? Why?
Discuss the characteristics of a computerized information system that make it different from the manual system.
Process Activities PIC Order data that is inputted on the PDA is synchronized to the computer to automatically create a ''Sales Order'' in the system Admin Question:1. What are the weaknesses of internal control & risks & suggestions for improvement?2. What work process / audit focus can be undertaken?
Auditing by testing the input and output of a computer system instead of the computer program itself will:
Differentiate “auditing around the computer” and “auditing through the computer”.
What control procedures can be used to achieve control over computer operations in an end-user computing environment? What control procedures can be used to achieve control over computerized processing in an end-user computing environment?
What type of internal control would recalculating the totals on a computer report be?
Match each word or phrase with the best description of it. Descriptions Words / Phrases related tocomputerized accounting systems a. Allows multiple users to access the system at the same time. Audit trailInternal controlNetwork-compatibleEnterprise resource planning systemsEntry-level software b. Enables the tracking of all transactions. Audit trailEnterprise resource planning systemsEntry-level softwareNetwork-compatibleInternal control c. Identifies suspicious transactions or likely mistakes such as wrong account numbers or duplicate transactions. Audit trailInternal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatible d. Large-scale computer systems that integrate all aspects of the organization including accounting, sales, human resource…