Explain the auditing approach of auditing “around” the computer.

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Answer 1

Question

Chapter 8, Problem 34P

a.

To determine

Explain the auditing approach of auditing “around” the computer.

b.

To determine

Explain the conditions behind using the audit through the computer instead of around the computer.

c.

To determine

Explain test data and the use of test data.

d.

To determine

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

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John Inc. doubled its amount of assets from the beginning to the end of the year. Liabilities at the end of the year amount to $370,000, and owner's equity is $55,000. What is the amount of John's assets at the beginning of the year?

John Inc. doubled its amount of assets from the beginning to the end of the year. Liabilities at the end of the year amount to $370,000, and owner's equity is $55,000. What is the amount of John's assets at the beginning of the year? Help

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Answer 2

Question

Chapter 8, Problem 34P

a.

To determine

Explain the auditing approach of auditing “around” the computer.

b.

To determine

Explain the conditions behind using the audit through the computer instead of around the computer.

c.

To determine

Explain test data and the use of test data.

d.

To determine

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

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Answer 3

Question

Chapter 8, Problem 34P

a.

To determine

Explain the auditing approach of auditing “around” the computer.

b.

To determine

Explain the conditions behind using the audit through the computer instead of around the computer.

c.

To determine

Explain test data and the use of test data.

d.

To determine

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

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Answer 4

Question

Chapter 8, Problem 34P

a.

To determine

Explain the auditing approach of auditing “around” the computer.

b.

To determine

Explain the conditions behind using the audit through the computer instead of around the computer.

c.

To determine

Explain test data and the use of test data.

d.

To determine

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

Expert Solution & Answer

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Answer 5

Chapter 8, Problem 34P

a.

To determine

Explain the auditing approach of auditing “around” the computer.

b.

To determine

Explain the conditions behind using the audit through the computer instead of around the computer.

c.

To determine

Explain test data and the use of test data.

d.

To determine

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

Answer 6

Chapter 8, Problem 34P

a.

To determine

Explain the auditing approach of auditing “around” the computer.

Answer 7

Chapter 8, Problem 34P

a.

To determine

Explain the auditing approach of auditing “around” the computer.

Answer 8

b.

To determine

Explain the conditions behind using the audit through the computer instead of around the computer.

Answer 9

b.

To determine

Explain the conditions behind using the audit through the computer instead of around the computer.

Answer 10

c.

To determine

Explain test data and the use of test data.

Answer 11

c.

To determine

Explain test data and the use of test data.

Answer 12

d.

To determine

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

Answer 13

d.

To determine

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 8 - List and describe the major components of an...Ch. 8 - Prob. 2RQ Ch. 8 - Prob. 3RQ Ch. 8 - Prob. 4RQ Ch. 8 - Prob. 5RQ Ch. 8 - Distinguish general control activities from...Ch. 8 - Prob. 7RQ Ch. 8 - Prob. 8RQ Ch. 8 - Prob. 9RQ Ch. 8 - Prob. 10RQ

Explain the auditing approach of auditing “around” the computer.

Solution Summary: The author explains that auditing "around" the computer is an audit approach for examining the reliability of the IT system of a client.

Explain the auditing approach of auditing “around” the computer.

Explain the conditions behind using the audit through the computer instead of around the computer.

Explain test data and the use of test data.

Explain the condition when the CPAs would be satisfied that the computer programs presented to them for testing are actually those used by the client for processing accounting data.

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Chapter 8 Solutions