CPAs may audit around or through computers in the examination of financial statements of client who utilize computer to process accounting data. Required: a. Describe the auditing approach referred to as auditing around the computer. b. Under what condition does the CPA decide to audit through the computer instead of around the computer?

Q: Which of the following is false about accounting information systems?A. They provide reports that…

A: Accounting is the process of recording, classifying and summarising accounting information in order…

Q: List the management reports and computer files that can be used for audit evidence. What information…

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Q: The purpose of an audit trail is to be able to trace a transaction from its original through source…

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Q: Which of the following services can be classified as an assurance service? O A. The auditor verifies…

A: Answer: option (A)

Q: An audit trail is a step-by-step record by which accounting data can be traced to its source.…

A: Vouching refers to checking the business transactions with their respective source documents.

Q: Responsibilities to Clients’ Cases. Read the following cases. For each case, state whether the…

A: “Since you have posted a question with multiple sub parts, we will be answering the first 3 sub…

Q: .Explain the relation ship between application controls and transaction related audit objectives .…

A:

Q: A CIS environment exists when a computer of any type o. size is involved in processing of an…

A: Answer: CIS is defined as one of information system which is based on computer information system.…

Q: Read the given cases. Then, identify the most applicable technique of gathering evidence in each…

A: The different techniques of gathering audit evidence are by: Observation Examination Interview

Q: The CARE Corporation uses an IBM mainframe computer system with peripheral optical reader and…

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Q: Responsibilities to Clients’ Cases. Read the following cases. For each case, state whetherthe action…

A: a.

Q: You are a trainee in audit firm and you have been assigned to verify the follow balances for IJK…

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Q: When planning the audit of internal controls for an issuer, the audit team shoulda. Identify…

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Q: Your client has outsourced the majority of the accounting information system to a third-party data…

A: The fact that your client has outsourced the majority of its accounting information system to a 3rd…

Q: Internally generated evidence held by the client includes: a) bank statements. b) correspondence…

A: The auditor requires to validate the information of the financial statements.

Q: Spreadsheet software would be most useful for which of the following audit activities?a. Testing…

A:

Q: Auditing standards are: a. Ways to obtain / collect proof of transaction b. A collection of rules…

A: Audit is defined as the examination of the books of accounts or financial statement of the entity…

Q: CPAs may audit around or through computers in the audit of the financial statements of clients who…

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Q: CPAs may audit around or through computers in the audit of the financial statements of clients who…

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Q: Which of the following is most correct with respect to the use of analytical procedures? *…

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Q: Which of the following is an example of an input control? a.making sure report that are distributed…

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Q: Computer accounting control procedures are referred to as general or application controls. The…

A: Application controls in a computer environment refers to the controls that are related to the…

Q: What do documentation procedures and independent internal verification procedures have in commor O…

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Q: Explain the sentence "The overall objective and scope of an audit does not change in a CIS…

A: Audit procedure is different types of steps that are followed by an auditor while conducting the…

Q: audit of accounting information system

A: Auditing means checking the elements of financial statements to ensure that they show the true…

Q: How does audit planning assist in the conduct of an audit? How do you explain the knowledge of the…

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Q: Andy is a junior accounts clerk. Andy has the responsibility of keying transactions into the…

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Q: Select the necessary words from the list of possibilities to complete the following statements.…

A: The complete solution is in step 2.

Q: The increasing use of sophisticated EDP systems has produced significant changes in the accounting…

A: Computerized accounting includes using the computers and accounting software for recording, storing…

Q: Reading BOD minutes of meeting by the internal auditors is an example of an audit procedures called:…

A: An auditor is a person appointed to check the accuracy of the financial statements of the company.

Q: AICPA Independence and Other Services. The Independence Rule of the AICPA Code of Conduct cites…

A:

Q: The following are included in the audit working paper current file. * A. Chart of accounts, audit…

A: Answer: Concept: Audit working paper file is prepared during the start to the end of the audit. It…

Q: Which of the following is NOT a general control?* a. Backup of live data b. Use of passwords c.…

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Q: What do documentation procedures and independent internal verification procedures have in comm O…

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Q: In auditing through the computer, CPAs may use test data. (1) What are test data? (2) Why do CPAs…

A: Auditing is the process of independent examination of the information and the accuracy of the…

Q: CPAs may audit around or through computers in the examination of financial statements of clients who…

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Q: Many companies have part or all of their IT processing done by cloud service providers. Required: a.…

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Q: CPAs may audit around or through computers in the examination of financial statements of clients who…

A: Audit is defined as inspection of the books of the accounts through auditor followed through…

Q: CPAs may audit around or through computers in the audit of the financial statements of clients who…

A: An audit is the unbiased and independent examination of financial records and statements of an…

Q: What are the basic audit procedures usually used by external auditors?

A: Note -Since you have posted multiple questions, we are providing the solution for the first…

Q: You are a trainee in audit firm and you have been assigned to verify the follow balances for IJK…

A: The question is based on the concept of verification of assets and liabilities in auditing.

Q: Describe the differences between auditing around the computer and auditing through the computer?…

A: Auditing is the process in which the professional called auditor, performs the audit on the client…

Q: Explain all the five steps involved in the information system based audits in your own words. How…

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