ACCT305-8 assignment

Explain all the five steps involved in the information system based audits in your own words. How would an auditor verify the source documents while auditing accounting information systems where business is conducted fully online?

1. Computer Assisted Audit Techniques (CAATs) are important tools than an IS auditor uses to gather and analyze data during an IS audit. One type of tool is the Generalized Audit Software (GAS). In your own words, how does CAATs affect the work of an IS auditor? What are the benefits of using CAATs in conducting an Audit?   2. Every organization has controls in place. Such controls must be effective. They are effective if they prevent, detect, or contain incidents and enable recovery from events that cause risks. Enumerate those three types of control and explain how these controls effectively address those events that cause risks

1. What are the evidence garthering techniques Used in Information System Auditing by Internat auditors? 2. What are the evidence garthering techniques Used in Information System Auditing by external auditors? 3. what is the different between Internal and external auditors and what privilleges do internal auditors has than external. 4. By answering these questions use accessible reference and provide their link for me to read after, prefereable references are from ResearchGate, IEE and other accademic repository. 5. Use intext citations.

1. Explain how client internal controls can be improved through the proper installation of IT. 2. Distinguish between random error resulting from manual processing and systematic error resulting from IT processing and give an example of each category of error. 3. Explain what is meant by auditing around the computer, and describe what must be present for this approach to be effective in the audit of a client that uses IT to process accounting information. 4. An audit client is in the process of creating an online Web-based sales ordering system for customers to purchase products using personal credit cards for payment. Identify three risks related to an online sales system that management should consider. For each risk, identify an internal control that could be implemented to reduce that risk. 00000000000

Problem 6:  Planning the audit is essential for a. obtaining sufficient, appropriate evidence b. keeping costs reasonable to the client c. avoiding a misunderstanding with a client. Elaborate on each step below for the auditor’s objective in achieving the above essential elements. Discuss in detail what each step consists of and give an example for each. Accept the client and perform initial audit planning Understand the client's business and industry Assess client business risk Perform preliminary analytical procedures Set materiality levels and assess acceptable audit risk and inherent risk Understand internal control and assess control risk Gather information to assess fraud risks Develop overall audit plan and program

What is an auditor's main responsibility during an audit? OA. To provide an independent and objective verification process OB. To invest in new technologies OC. To manage the organization being audited OD. To plan company strategies

Forensic auditors are specially trained to: ○ A. Conduct environmental audits OB. Investigate and prevent fraud ○ C. Design new products OD. Manage the IT department

5. During a systems audit, the system performance is compared to Styles Editing VoicE a similar systems b. newer systems Sensutivity c. the design specifications d. competing systems 6. Enterprise resource planning (ERP) represents a The system that integrates financial data with non financial operatiing data. b. The system that integrates only financial aspects of business activities. The system that integrates only non-financial aspects of business activities d. The system that integrates financial aspects of a company's operations with its traditional AIS. C. 7. The components of IT should include: a Software, people, data, and information technology infrastructure, People, procedures, data, and information technology infrastructure. Hardware. software, data, networks, and people. d People, data, IT infrastructure, and internal control measures. Ic.

1. Please answer ASAP!!

Match each word or phrase with the best description of it.     Descriptions   Words / Phrases related tocomputerized accounting systems a.   Allows multiple users to access the system at the same time.                                                              Audit trailInternal controlNetwork-compatibleEnterprise resource planning systemsEntry-level software b.   Enables the tracking of all transactions.                                                              Audit trailEnterprise resource planning systemsEntry-level softwareNetwork-compatibleInternal control c.   Identifies suspicious transactions or likely mistakes such as wrong account numbers or duplicate transactions.                                                              Audit trailInternal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatible d.   Large-scale computer systems that integrate all aspects of the organization including accounting, sales, human resource…

Financial audit Q&A What is the process used by auditors in conducting tests of control in testing documents and supporting control files?

fill all requirements please?