Questions from Auditing and Assurance

Q: Assume the following general flow of documents in an accounting system.

Assume the following general flow of documents in an accounting system. Reply to the following questions: a. The auditors are concerned about source documents that reflect valid transactions that ha...

Q: For each definition (or portion of a definition) in the

For each definition (or portion of a definition) in the first column, select the term that most closely applies. Each term may be used only once or not at all.

Q: An audit plan is desirable when new staff members are assigned to

An audit plan is desirable when new staff members are assigned to an engagement, but an experienced auditor should be able to conduct an audit without reference to it.” Do you agree? Discuss.

Q: Auditors should have an understanding of the various terms that relate to

Auditors should have an understanding of the various terms that relate to their consideration of internal control of an organization. For each term presented below, select the category that most clear...

Q: For each term in the first column, find the closest definition

For each term in the first column, find the closest definition (or portion of a definition) in the second column. Each definition may be used only once or not at all.

Q: Answer the following questions relating to tests of controls and control risk

Answer the following questions relating to tests of controls and control risk. a. Tests of controls do not address: (1) How controls were applied. (2) How controls were originated. (3) The consistency...

Q: Select the best answer for each of the following questions. Explain

Select the best answer for each of the following questions. Explain the reasons for your selection. a. LAN is the abbreviation for: (1) Large Area Network. (2) Local Area Network. (3) Longitudinal Ana...

Q: Auditors should be familiar with the terminology employed in IT processing.

Auditors should be familiar with the terminology employed in IT processing. The following statements contain some of the terminology so employed. Indicate whether each statement is true or false. a. A...

Q: For each of the following descriptions, select the computer audit procedure

For each of the following descriptions, select the computer audit procedure most closely related. Computer audit procedures may be used once, more than once, or not at all.

Q: For each definition (or partial definition) in the first column

For each definition (or partial definition) in the first column below, identify the most closely related term. Each term may be used once or not at all.