A simulation can be thought of as an experiment conducted in a specially created setting that very closely represents the natural environment in which activities are usually carried out. True False

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: How is Parallel Simulation utilized during an audit?

A: Auditing:   It is the systematic verification of the books of accounts of an organisation by an…

Q: How does Real Time Processing affect an audit?

A: Real-time data processing is the program for running multiple rows and columns of data during a…

Q: Why should test data be saved after it has been used?

A: Test Data: The data which prepared before the conduction of a test to evaluate its results is known…

Q: Describe how the nature of evidence used to evaluate the control environment differs from the nature…

A: ANSWER:- For many control activities, documentation of their performance is more objectively…

Q: Test data, an integrated test facility, and parallel simulation are compared and contrasted.…

A: Introduction: Test data is data used solely for testing within computer programs, and it is…

Q: program itself will:

A: An audit is the investigation and confirmation of a company's financial records. Its objective is to…

Q: What are test data, and how are they used to test a client's automated controls?

A: Business requires the controls which are also known as the internal controls which has been set by…

Q: t is “inquiry” and “observation” procedures? Give the strengths and weaknesses of these tests?

A: This method is often used in conjunction with other, more reliable method. For example, an auditor…

Q: When can an audit of IT be performed without directly interacting with the system?

A: Auditing:   It is a systematic verification of the books of accounts of an organisation by an…

Q: If detective controls signal error flags, why shouldn’t these types of controls automatically make a…

A:

Q: an introduction about the effect of artificial inteligence on audit

A: The on-site verification activity of a process or quality system, such as inspection or examination,…

Q: What is the benefit of Generalized Audit Software in an audit?

A: Definition:   Generalized audit software (GAS): The software which assists an auditor to perform…

Q: Select one method an auditor can use to audit through the computer system. Explain how the method…

A: Auditing through a computerized system is done by many small, large companies. The auditor does the…

Q: What is lapping?  How can it be detected by an auditor and how can it be prevented?

A: Lapping is an accounting fraud where cash stolen or cash misappropriation is concealed by altering…

Q: Why might an auditor use a program flowchart?

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

Q: Exactly what is the advantage of using Generalized Audit Software during an audit?

A: Definition: Generalized audit software (GAS) is a kind of software that supports an auditor in…

Q: COSO to Assess IT Controls

A: Answer:  Internal control is very basic measure to minimize the risk in any organization. In today's…

Q: What is an audit program

A: Audit program An audit programme is a detailed, written statement designed by the auditor indicating…