You are currently working in a mid-tier accounting firm. In an engagement meeting with a client, the management of your client is concerned that the audit tests that you perform will disrupt operations. Your client has recently implemented a data warehouse and the management suggests that you draw the data for analytical reviews and substantive testing from the data warehouse instead of theoperational database. The management points out that operational data are copied weekly into thedata warehouse and all data you need are contained there. Outline your response to the management’s proposal and mention any concerns you might have.
You are currently working in a mid-tier accounting firm. In an engagement meeting with a client, the management of your client is concerned that the audit tests that you perform will disrupt operations.
Your client has recently implemented a data warehouse and the management suggests that you draw the data for analytical reviews and substantive testing from the data warehouse instead of theoperational database. The management points out that operational data are copied weekly into thedata warehouse and all data you need are contained there.
Outline your response to the management’s proposal and mention any concerns you might have.
Data warehouse: It refers to the database which helps in making business decisions. The process of data warehousing begins with the extraction of the data and then transforming it into a warehouse database. The data stored in the warehouse is accessible for multiple purposes.
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