State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

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Answer 1

Question

Chapter 12, Problem 32DQP

a.

To determine

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

b.

To determine

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

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Bright Electronics Corporation applies manufacturing overhead on the basis of labor-hours. At the beginning of the most recent year, the company based its predetermined overhead rate on total estimated overhead of $72,000. Actual manufacturing overhead for the year amounted to $70,000, and actual labor-hours were 6,400. The company's predetermined overhead rate for the year was $11.25 per labor-hour. The applied manufacturing overhead for the year was closest to:

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If total assets decreased by $15,000 and stockholders' equity increased by $5,500 during a period of time, then total liabilities must have changed by what amount and direction during that same period?

Answer 2

Question

Chapter 12, Problem 32DQP

a.

To determine

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

b.

To determine

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

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Answer 3

Question

Chapter 12, Problem 32DQP

a.

To determine

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

b.

To determine

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

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Answer 4

Question

Chapter 12, Problem 32DQP

a.

To determine

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

b.

To determine

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

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Answer 5

Chapter 12, Problem 32DQP

a.

To determine

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

b.

To determine

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

Answer 6

Chapter 12, Problem 32DQP

a.

To determine

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

Answer 7

Chapter 12, Problem 32DQP

a.

To determine

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

Answer 8

b.

To determine

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

Answer 9

b.

To determine

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

Answer 10

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Answer 11

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Answer 12

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Answer 13

Ch. 12 - Prob. 1RQ Ch. 12 - Prob. 2RQ Ch. 12 - Prob. 3RQ Ch. 12 - Describe how the nature of evidence used to...Ch. 12 - Prob. 5RQ Ch. 12 - Prob. 6RQ Ch. 12 - Prob. 7RQ Ch. 12 - Prob. 8RQ Ch. 12 - Prob. 9RQ Ch. 12 - Prob. 10RQ

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

Solution Summary: The author explains how the extent of testing of each control will get affected in subsequent years, based on the computer-generated review of the manager exception listing.

State for all the situations whether the control is an automated application control embedded in computer software, manual control with effectiveness based significantly on IT-generated information or a manual control with effectiveness not significantly reliant on IT-generated information.

Explain the way through which the extent of testing of each control will get affected in subsequent years, if the general controls get affected and controls over program and master file changes.

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Chapter 12 Solutions