Principles of Information Systems (MindTap Course List)
12th Edition
ISBN: 9781285867168
Author: Ralph Stair, George Reynolds
Publisher: Cengage Learning
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Chapter 10, Problem 1WE
Program Plan Intro
- An information system is a system which provides the necessary information to an organization to achieve the goals.
- It monitors the transactions details, provides the required information to decision makers, and provides necessary documents to customers.
- The main components in the information system are people, data, procedures, hardware, as well as software.
- The main function of information system is to accept and process the input data and then stores the retrieved information and distributes it across the organization.
Importance of auditing:
- Auditing involves analyzing of financial condition for an organization.
- It determines whether financial statements and reports produced by financial MIS are accurate.
- The sound auditing procedures are required.
- It can reveal potential fraud.
- It can reveal false or misleading information.
Example of audit:
The financial statements such as income statements and balance sheets are been used by many people as well as organizations. The sound auditing procedures are been required in this case.
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Form small groups and discuss methods for gathering information for an audit in a typical organization. Create a list of at least five different methods.
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Disclosure and presentation of valuationsTrue Existence........ Wholeness
Chapter 10 Solutions
Principles of Information Systems (MindTap Course List)
Ch. 10.6 - Prob. 1DQCh. 10.6 - Prob. 2DQCh. 10.6 - Prob. 1CTQCh. 10.6 - Prob. 2CTQCh. 10.9 - Prob. 1DQCh. 10.9 - Prob. 2DQCh. 10.9 - Prob. 1CTQCh. 10.9 - Prob. 2CTQCh. 10 - During which stage of the problem-solving process...Ch. 10 - The three stages of decision making are augmented...
Ch. 10 - Prob. 3SATCh. 10 - Prob. 4SATCh. 10 - Prob. 5SATCh. 10 - Prob. 6SATCh. 10 - Prob. 7SATCh. 10 - Prob. 8SATCh. 10 - Prob. 9SATCh. 10 - Prob. 10SATCh. 10 - Prob. 11SATCh. 10 - The ______ approach is a structured, interactive,...Ch. 10 - Prob. 13SATCh. 10 - Prob. 14SATCh. 10 - Prob. 1RQCh. 10 - Prob. 2RQCh. 10 - Prob. 3RQCh. 10 - Prob. 4RQCh. 10 - Prob. 5RQCh. 10 - Prob. 6RQCh. 10 - Prob. 7RQCh. 10 - Prob. 8RQCh. 10 - Prob. 9RQCh. 10 - Prob. 10RQCh. 10 - Prob. 11RQCh. 10 - Prob. 12RQCh. 10 - Prob. 13RQCh. 10 - Prob. 14RQCh. 10 - Prob. 15RQCh. 10 - Prob. 16RQCh. 10 - Prob. 17RQCh. 10 - Prob. 1DQCh. 10 - Prob. 2DQCh. 10 - Prob. 3DQCh. 10 - Prob. 4DQCh. 10 - Prob. 5DQCh. 10 - Prob. 6DQCh. 10 - Prob. 7DQCh. 10 - Prob. 8DQCh. 10 - Prob. 9DQCh. 10 - Prob. 10DQCh. 10 - Prob. 1PSECh. 10 - Prob. 1TACh. 10 - Prob. 2TACh. 10 - Prob. 3TACh. 10 - Prob. 1WECh. 10 - Prob. 2WECh. 10 - Prob. 3WECh. 10 - Prob. 1CECh. 10 - Prob. 2CECh. 10 - Prob. 1DQ1Ch. 10 - Prob. 2DQ1Ch. 10 - Prob. 1CTQ1Ch. 10 - Prob. 2CTQ1Ch. 10 - Prob. 1DQ2Ch. 10 - Prob. 2DQ2Ch. 10 - Prob. 1CTQ2Ch. 10 - Prob. 2CTQ2Ch. 10 - Prob. 1DQ3Ch. 10 - Prob. 2DQ3Ch. 10 - Prob. 1CTQ3Ch. 10 - Prob. 2CTQ3
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- In order to answer this question, what is the goal of doing an audit?arrow_forwardWhat are the advantages and disadvantages of using an audit trail?arrow_forwardUnder these conditions, it is acceptable for the auditor to provide the client with copies of prior papers. Is there anything special the auditors need to know before providing the client's paperwork? Think about at least three items and write them down.arrow_forward
- Give a personal example in which a compliance strategy was successfully used. Describe the situation, name the strategy and state the principle on which the strategy is based.arrow_forwardWhen it comes to auditing and log collection, what is the importance of each?arrow_forwardAn IS auditor should have a thorough understanding of Computer-Assisted Audit techniques (CAATs) and know where and when to apply them. Discuss five factors to consider when selecting CAATs.arrow_forward
- The following are not considered to be key indicators of the user level's evaluation in the e-government audit method; they are instead all considered to be important indicators. Pick only one: a. Rate of New Visitors B. Level of Satisfaction Among Users C. Level of Awareness D. Level of Recommendation Among Usersarrow_forwardWhat is the “checkerboard” issue and why does it matter? Thank you.arrow_forwardThe customer may request copies of the auditor's prior work under certain circumstances. If so, are there any particular situations that auditors need to think about before submitting the client's records? Take down at least three things that come to mind.arrow_forward
- please help urgent qwe3arrow_forwardUnder some situations, the customer may request copies of the auditor's past documents. If so, are there any particular situations that auditors should examine prior to presenting the client's documentation? Make a mental note of at least three things that occur to you.arrow_forwardRead the list of substantive debt procedures and make connections between them and the main audit goal. 1. Analyzing covenants and loan agreements. 2. Analyzing authentic, signed notes payable to determine the exact amount of responsibility Paying debt.arrow_forward
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