Questions from Auditing and Assurance


Q: What is meant by a local area network?

What is meant by a local area network?

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Q: Distinguish between user control activities and manual application control activities.

Distinguish between user control activities and manual application control activities.

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Q: What is cloud computing?

What is cloud computing?

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Q: Distinguish general control activities from application control activities and give examples of

Distinguish general control activities from application control activities and give examples of the types of controls included in each of these broad categories.

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Q: An information systems department usually performs numerous IT processing functions that would

An information systems department usually performs numerous IT processing functions that would be separated in a manual system. Does this imply that separation of duties is not a practical means of ac...

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Q: Explain briefly what is meant by an “online real-time

Explain briefly what is meant by an “online real-time system.”

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Q: Explain the meaning of the term documentation as it pertains to computers

Explain the meaning of the term documentation as it pertains to computers and an information systems department. How might a client’s documentation be used by the auditors?

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Q: Assume that you have been assigned to the audit of Lockyer Manufacturing

Assume that you have been assigned to the audit of Lockyer Manufacturing Company. You have completed the procedures for gathering information about the company and its environment, including internal...

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Q: Criticize the following statement: “Throughout this audit, for all

Criticize the following statement: “Throughout this audit, for all purposes, we will define a ‘material amount’ as $500,000.”

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Q: A CPA has been asked to audit the financial statements of a

A CPA has been asked to audit the financial statements of a nonpublic company for the first time. All preliminary discussions have been completed between the CPA, the company, the predecessor auditors...

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