How hook-ups can be beneficial to the external auditors

Assignment Help Accounting Basics
Reference no: EM132745124

Question: 1) Discuss the ways in which audits of computer-based information systems might affect information systems organisation, system development activities, computer operations, files, and other aspects being audited.

(2) Large public audit firms often have in their offices computer terminals that are connected directly to the computer systems of major client firms. Discuss how these hook-ups can be beneficial to the external auditors in performing tests of controls.

Reference no: EM132745124

Questions Cloud

What is the best estimate of company net operating income : Assuming that the fixed monthly expenses do not change, what is the best estimate of the company's net operating income in a month when sales are $134,000?
Net present value of this acquisition project for pc : Pomegranate-Cellular Inc. (PC), a company producing mobile phones, would like to expand its business. It is currently looking into acquiring
Net present value of the movie project : If she accepts the project, Roodwin will not have the time to write books for the duration of the movie production. What is the net present value of the movie p
Find what break-even point in units will : Find what Break-even point in units will? Cal Cunningham Company is considering increasing its single product's selling price by $2 per unit
How hook-ups can be beneficial to the external auditors : Large public audit firms often have in their offices computer terminals that are connected directly to the computer systems of major client firms.
Find what margin of safety as a percentage of sales is : Current sales are 12,300 bags and break-even sales are 10,824 bags. The margin of safety as a percentage of sales is closest to
Annual internal rate of return that bbm earned : What was the annual internal rate of return that BBM earned on this investment?
What is the price of an asset : What is the price of an asset which pays $5,000 in 1 year and $50,000 in 10 years, where the yield is 5.25%?
What is james contribution margin ratio : John James Junk Food sells brownies for $4 per brownie. Variable costs are $3 per brownie. Fixed costs are $2,500 per month. What is James' contribution margin

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd