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: 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: 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: 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: 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: 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: 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: 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: 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: 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…