a. Explain the advantages of using GAS to assist with IT audits, and give five examples of how it may be used. b. Describe the audit purpose facilitated and the procedural steps to be followed when using the following CAATTs: 1. ITF 2. EAM 3. Parallel simulation

Q: Identify three different diagnostic analytics that are used in an audit setting and describe how…

A: When used in the context of an audit, the term "diagnostic analytics" refers to the process of…

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: Explain how an embedded audit module works.

A:

Q: What additional audit analytics can be used to enhance the dashboard?

A: 3. Variance Analysis:Budget vs. Actual: Comparing actual performance against budgeted figures to…

Q: Typical DBMS features include all of the following EXCEPT a. database interface design and…

A:

Q: In the ________ phase of BPI, the BPI team documents the existing "as is" process activities,…

A: Answer -  Phases of BPI are as follows : i. Phase 1 - Define, ii. Phase 2 - Measure, iii. Phase 3 -…

Q: ut control. cessing control. put control.

A: Control refers to the concept of having the desired power or authority to mold or manipulate an act…

Q: This method of documenting understanding of internal control structure is advantageous because it…

A: This method of documenting understanding of internal control structure is advantageous because it…

Q: following: A: The significance of audit data analytics B: Audit standards and

A: The Data analytics played any important role because audit reason independent examination of data so…

Q: 16. Structured form or document used to collect and analyze data, often done real time where the…

A: Collection of information on a real time basis can be very useful for accounting and auditing…

Q: relationship between application controls and transaction-related audit o

A: Application control is a check on the application in which the wrong execution of data input is…

Q: Which option below accurately describes the process of continually assessing internal controls and…

A: Audit report:An audit report is a formal statement issued by an auditor after examining a company's…

Q: What are c Post-audit Tasks?

A: Post-Audit An audit is a review of a consultant's accounting system, bookkeeping practices, and…

Q: The database model most likely to be used in the development of a modern (not legacy) system is a.…

A:

Q: The controls in a computerized system are classified asa. input, processing, and output.b. input,…

A: Definition: Internal control: Internal control is a process which ensures continuous reliability of…

Q: A Data Flow Diagram (DFD) is composed of which of the following elements? Select one: a. Data Flows…

A: A Data Flow Diagram (DFD) is composed of the following elements: 1. Data Flows 2. Transformation…

Q: What is the objective of processing controls? List and briefly describe different processing…

A: The capacity to analyze and change a procedure to accomplish the desired result is referred to as…

Q: Requirements 1. 2. Define internal control. The system of internal control must be tested by…

A: Define internal control: Internal control refers to the set of policies, procedures, and practices…

Q: Audit approaches to computerized systems – Auditing around and through the computer

A: Audit:- It is means verification of the accounting books whether the company is following the…

Q: Match the two lists, below, by placing the capital letter from List 1 in each of the cells preceding…

A: Control Environment A control environment is made up of the standards, policies, procedures, and…

Q: Which of the following is NOT an audit technique for auditing computerized AIS? a. Continuous…

A: Auditing is the process of examining the accounting records so that it can be verified whether the…

Q: Explain how the E-R diagrams is used to prepare database tables. Also, include explanation of…

A: ER diagram stands for "Entity Relationship", which can be defined as a type of flowchart that is a…

Q: Input validation includes field interrogation that examines the data in individual fields. List four…

A: Before processing, the input controls, also known as validation controls, conduct a test on…

Q: What are fundamental tasks of data base managment ?

A: “Since you have asked multiple question, we will solve the first question for you. If youwant any…

Q: Describe three criteria you would use to evaluate whether a management control system is effective

A: Management control system:

Q: a. Identify the physical control weakness depicted in the flowchart for Problem 2 b. Describe the…

A: a.

Q: Match each word or phrase with the best description of it.     Descriptions   Words / Phrases…

A: Answer a: Allows multiple users to access the system at the same time.- Network - Compatible…

Q: Which of the following is a component of general controls?       a.   processing controls       b.…

A: General controls are the IT/computerized controls that are applicable to the entire organization and…

Q: Explain the relationship between the three levels of the data definition language. As a user, which…

A:

Q: a. Definition of Sensitivity Analysis b. Discuss the Purpose and Application in Linear Programming.

A: Sensitivity analysis is a technique used in mathematical modeling, such as in linear programming, to…

Q: The are several techniques for recording the assessment of control risk. One or more of the…

A: Control risk is that the risk that a cloth statement wouldn't be prevented, detected or corrected by…

Q: what is Audit data analytics in external Audit

A: There has been major change in the approach   in order to deal with large of data and analyse the…

Q: Briefly provide your opinion whether an auditor wishing to assess the adequacy of separation of…

A:

Q: Three difficulties associated with using embedded audit software as part of the audit process.

A: Auditing software are used to assist the auditors in the process of auditing. Various auditing…

Q: Document flowcharts

A: Document flow charts are categorized under system flow charts.

Q: Which of the following encompass many elements of general best practices? Choices: A. Ensuring…

A: This refers to model building, testing and auditing.

Q: An audit procedure that involves taking a sample of recorded transactions and obtaining original…

A: Audit procedures:   Audit procedures are the process of evaluating the quality of the financial…

Q: 1.What is audit evidence and documentation and give an example

A: Audit evidence - We know that an audit is an independent examination of historical financial…

Q: What are CAATs (Computer-aided audit tools)?

A: CAAT is a technique through which, computer is being used in performing some part of the auditing…

Q: When evaluating a potential new information system using the systems development life cycle…

A: The System Development of Life Cycle Approach (SDLC) refers to the system used by the project…