What is database conversion? Why is it risky activity, and what precautions should be taken?

Q: What is fraud?

A: Misstatement risk: It implies to a risk that the financial statements of the company are…

Q: Why can the formal announcement of a new system technique be crucial?

A: The announcement in Form: A formal announcement in the context of a new system method informs…

Q: What items could increase the risk of material misstatement?

A: Risk of material misstatement (ROMM) is a risk that the financial statements when audited will…

Q: What is management fraud?

A: Fraud:   It is an intentional misappropriation of the assets or the financial records of an…

Q: How does a lockbox system operates and why a firm might consider implementing such a system?

A: A lockbox system is critical for cash handling. It assists in the collecting of cash from various…

Q: What is the importance of using an isolated environment to perform penetration testing? What are the…

A: Will be explain:

Q: What are analytical procedures, and why are they a useful audit tool?

A: Analytical procedures are those procedures that are used as a substantive test to obtain evidence…

Q: What are the computer ethical issues regarding privacy?

A: Definition: Ethics can be defined as conduct adopted by an individual in making the selection…

Q: How can a poorly designed database result in unintentional loss of critical records?

A:

Q: How does a lockbox system operates and why a firm might consider implementing such a system?

A: A lockbox system is an important tool for cash management. It helps in the collection of the cash…

Q: are computer programs intellectual property? true or false

A: Intellectual property rights: This is referred to to the general term for the assignment of property…

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: hy is fraud prevention so important?

A: Fraud in auditing refers to the illegal manipulation or wrong altered information reported in the…

Q: What controls would you implement to

A: Internal Control system: Internal control system can be defined as the set of policies and…

Q: Why are external documents considered more reliable evidence than internal documents? What aspects…

A: External evidence is seen as more credible than internal evidence since it has passed through the…

Q: Networks would be inoperable without protocols. Explain their importance and what functions they…

A: Protocol:   Protocols are the rules and instruction which are formed and followed to send or receive…