What does it mean to audit around the computer

Assignment Help Auditing
Reference no: EM131866952

Question -

1. How might the senior audit manager or partner on a particular engagement determine how much cost is acceptable to incur in order to test a particular area? Can you think of any lower cost alternatives?

2. What does it mean to audit around the computer? What is required for this approach to be effective?

3. What's the difference between random error resulting from manual processing and systematic error resulting from IT processing?

Reference no: EM131866952

Questions Cloud

Calculate the project return on investment : Consider the following information about a potential project: Investment required $2,000,000. Calculate the project return on investment
Settlement of the transaction adjusted : Melbourne Water forwards an overdue rate notice to the new owner of the property. The settlement of the transaction adjusted (balanced the books)
Find the value for consumer surplus : Explain and show on a graph how each of the would affect the demand for calculators - Explain why an effective rent control policy has a different impact
Costs of goods manufactured and margin : What is the relationship between selling price, costs of goods manufactured and margin.
What does it mean to audit around the computer : What does it mean to audit around the computer? What is required for this approach to be effective
What are the emotional consequences of bullying : Please answer one questions from the list below. The response should be at least two pages (double-spaced, 12 pitch, Times New Roman).
Shape the future of health politics and policy : Shape the future of health politics and policy in the coming century: abortion, death and dying, and national health insurance.
How will you assess the culture of an organization : Organizational assessment: How will you assess the culture of an organization? How can the safety of patient care be assessed in an organization?
Explain what is meant by rate of return : Explain what is meant by "Rate of Return." Why does a business owner need to understand rate of return

Reviews

Write a Review

Auditing Questions & Answers

  Internal audit

Describe and evaluate this type of internal audit. What types of organisation would it be most useful for?

  Accounting professional and ethical standards

Code of Ethics for Professional Accountants

  Prepare swag''s consolidated balance sheet

Prepare Swag's consolidated balance sheet

  Auditing and assurance

Notable operational challenges for 4X Heavy Ltd faced in 2012/2013 were but not limited to

  State of the company’s industry and associated risk factors

Audit partner is concerned about his lack of knowledge of the industry the company is operating in, state of the company's industry and associated risk factors

  Prepare a memo to the audit partner

Prepare a memo to the audit partner on the ‘state of the company's industry' and associated risk factors.

  Adjusting or non- adjusting events

State whether Event is adjusting or non-adjusting event.

  Audit financial data

As a consequence an accounts payable clerk and financial accountant were made redundant from the business during the year.

  Identify principal audit risk

To identify principal audit risk and corresponding audit procedures

  Auditing and assurance

Show the audit inherent risk and rate the risk as low, medium or high.

  National health reform

Explain the role of the following three 'bodies' in National Health Reform

  Prepare a memo on the state of the company''s industry

Prepare a memo on the 'state of the company's industry' and associated risk factors.

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