The reason why internal auditors may be more open to continuous assurance than the external auditors. General ledger/business reporting process (GL/BR): General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Question

Want to see the full answer?

Answer 1

Question

Chapter 16, Problem 9DQ

Summary Introduction

To discuss: The reason why internal auditors may be more open to continuous assurance than the external auditors.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Students have asked these similar questions

Explain the importance of auditing in reducing information risk.

Describe the key components of maintaining auditor independence.

Explain the safeguards that can be used to reduce or eliminate threats to audit independence.

Answer 2

Question

Chapter 16, Problem 9DQ

Summary Introduction

To discuss: The reason why internal auditors may be more open to continuous assurance than the external auditors.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 16, Problem 9DQ

Summary Introduction

To discuss: The reason why internal auditors may be more open to continuous assurance than the external auditors.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 4

Question

Chapter 16, Problem 9DQ

Summary Introduction

To discuss: The reason why internal auditors may be more open to continuous assurance than the external auditors.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Expert Solution & Answer

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 5

Chapter 16, Problem 9DQ

Summary Introduction

To discuss: The reason why internal auditors may be more open to continuous assurance than the external auditors.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Answer 6

Chapter 16, Problem 9DQ

Summary Introduction

To discuss: The reason why internal auditors may be more open to continuous assurance than the external auditors.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Answer 7

Chapter 16, Problem 9DQ

Summary Introduction

To discuss: The reason why internal auditors may be more open to continuous assurance than the external auditors.

General ledger/business reporting process (GL/BR):

General ledger can be defined as the central data repository needed to develop the business reports. The business reports and other forms of information generation are all derived from the general ledger data repository. The GL/BR process is considered as a central activity of the accounting information systems.

Answer 8

Expert Solution & Answer

Answer 9

Expert Solution & Answer

Answer 10

Want to see the full answer?

Check out a sample textbook solution

See solution

Answer 11

Ch. 16 - Prob. 1RQ Ch. 16 - Prob. 2RQ Ch. 16 - Prob. 3RQ Ch. 16 - What, in your own words, are a performance report...Ch. 16 - Prob. 5RQ Ch. 16 - Prob. 6RQ Ch. 16 - What limitations are faced by contemporary...Ch. 16 - Prob. 8RQ Ch. 16 - Prob. 9RQ Ch. 16 - Prob. 10RQ

Solution Summary: The author explains that internal auditors may be more open to continuous assurance than the external audits. The GL/BR process is considered as a central activity of accounting information systems.

Want to see the full answer?

Chapter 16 Solutions