During a test data procedure, why should the developers bother testing bad data?

Q: You have a client where you are not required to test their controls. However you may choose to do…

A: We perform the test of controls to evaluate whether the controls are working effectively for two…

Q: Outline the weaknesses of sensitivity analysis

A: Sensitivity analysis uses in capital budgeting for measuring the risk in project. It helps in…

Q: Why can the formal announcement of a new system technique be crucial?

A: The announcement in Form: A formal announcement in the context of a new system method informs…

Q: Issues that can be caused by the following risks: Execution risk Strategic risk Technology risk…

A: Operational risk management (ORM) is characterized as a continuous cyclic process that comprises…

Q: What is the importance of using an isolated environment to perform penetration testing? What are the…

A: Will be explain:

Q: If the system is behind schedule and if each pro- gram module is tested and no problems are found,…

A: Module: A module can be defined as the component of a program. A program comprises of one or more…

Q: Why would an auditor use observation to gather evidence? What are the strengths and weaknesses of…

A: solution : Why would an auditor use observation to gather evidence? What are the strengths and…

Q: What is performance testing and what are its bottlenecks?

A: It examines financial records, individual transactions, and the processes involved in obtaining and…

Q: Why is the audit team more concerned with the risk of overreliance than with the risk of…

A: Auditing is a gathering of information and evaluation of evidence as to report on the degree of…

Q: User acceptance testing is more important in an object-oriented development process than in a…

A: User acceptance testing (UAT) is more critical in an object-oriented development process due to the…

Q: Explain the threats to professional skepticism that might influence audit judgment.

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: he purpose of ____________ is to help manage and control risk appropriately rather than to eliminate…

A: Answer

Q: How has the advent of the electronic spreadsheet affected the use of sensitivity analysis?

A: Sensitivity analysis:

Q: In scanning environment, why the strategic auditor focuses more on external environment rather than…

A: Environmental scanning refers to the possession and utilization of knowledge regarding different…

Q: Which of the following exists as an inherent risk even in the best designed systems     a.…

A: Internal controls are processes, policies, and procedures implemented by an organization to ensure…

Q: If a firm decides early to go with a special-purpose system, such as SAP, based upon the…

A: Accounting Information System:   It is a structural framework used by business to collect, store,…

Q: When using test data, why are audit teams required to prepare only one transaction to test each IT…

A: Audit test data is used to test the existence and effectiveness of controls built into an…

Q: Whare are the disadvantages of external goverment audits?

A: Government Audits generally refer to audit of performance of the Government activities with respect…

Q: A malware attack on IT systems is a A. financial risk B. C. operational risk strategic risk D.…

A: STEP 1 Risk is the possibility that the results or returns on an investment will not match…

Q: risk management ideas, common reaction strategies, and IT system recovery issues

A: Some of the important risk management ideas are listed below: Keep an eye on changes in your…

Q: In a dataset, what does the term 'imputation' refer to? a) Removing irrelevant features b)…

A: Step 1: Define what imputation means in data setsFor data sets imputation refers to the method of…

Q: In the absence of protocols, networks would be unusable. Describe the significance of these…

A: Answer: Concept: Network can be defined as the connection of devices sharing data provided under…

Q: For ethical reasons, researchers can begin analyzing data prior to establishing the p-value criteria…

A: A p-value of less than 0.05 is considered statistically significant, and the null hypothesis should…

Q: t is “inquiry” and “observation” procedures? Give the strengths and weaknesses of these tests?

A: This method is often used in conjunction with other, more reliable method. For example, an auditor…

Q: Explain the problems associated with lack of auditor independence.

A: Auditing: In auditing, auditors verify the correctness and fair presentation of financial…

Q: f the staffs know the spoilage rate is, what benefits can come from keeping a written record?

A: Every business tries to efficiently use its resources.

Q: Identify instances for which feedback becomes useless in helping to control activities.

A: Definition: Internal Control: Internal control refers to the plan of a company. Implementation of…