Q. Modern digital accounting What role does documentary evidence play inmodern digital accounting?a) Digital records lack credibilityb) Paper trails remain the only valid proofc) Electronic signatures create new verificationchallengesd) Traditional documents suffice alone

Explanation of Documentary Evidence: Documentary evidence in accounting refers to the physical or…

Answered: What role does documentary evidence…

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 6RQSC

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What is a good response to? Identify the differences between paper-based and digital evidence. Digital evidence is not physical/tangible. This evidence is based in technology in electronic form such as e-mails, digital documents etc. Whereas, paper-based evidence is physical and tangible. While the difference is great, both forms of evidence hold a great value. However, digital evidence can be retrieved much faster than paper-based evidence. The approach to maintain the authenticity of each is also different. This is due to the great trouble that one could run into to retrieve paper-based evidence which could involve sorting through a large amount of paper/boxes/cabinets/etc. and the different forms that each could be tampered with depending on their form. Do you believe that digital evidence can be destroyed? Support your opinion with case references. Like any evidence, digital evidence can also be destroyed. Recovery may be possible with current advancements in technology. It is…
Which of the following is NOT a potential expo- sure of the FRS? a. a defective audit trail b. general ledger accounts that are out of balance with subsidiary accounts c. unauthorized access to the check register d. unauthorized access to the general ledger
Why do fraud examiners treat data differently than auditors? Why is this so?
Why are external documents considered more reliable evidence than internal documents? What aspects of internal documents would help to increase their reliability?
Which of the following statements is NOT correct? a. EAMs capture transactions during processing without removing the application from service. b. EAMs support continuous monitoring of controls. c. EAMs have the potential to corrupt corporate databases d. EAMs decrease operational performance. e. All of the above are correct statements.
Why do fraud examiners handle information in a different manner than auditors? Why is thisimportant?
How do fraud examiners approach data differently than auditors? Why is this significant?
None
Why do fraud examiners prefer documents over witnesses?
Which of the following is NOT an example of externally generated evidence sent directly to the auditor? O supplier invoices O bank confirmations O payable confirmations responses to legal letters
What is the connection between criminology and the discovery or prevention of fraud? It's not the same as studying accounting or auditing, is it?
In what ways might accounting frauds be similar to casesof academic dishonesty?

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What role does documentary evidence play in modern digital accounting? a) Digital records lack credibility b) Paper trails remain the only valid proof c) Electronic signatures create new verification challenges d) Traditional documents suffice alone