Match each word or phrase with the best description of it.     Descriptions   Words / Phrases related to computerized 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 management, and manufacturing.                                                              Entry-level softwareEnterprise resource planning systemsNetwork-compatibleAudit trailInternal control e.   System for companies with revenues of less than $5 million and up to 20 employees.                                                              Internal controlEntry-level softwareEnterprise resource planning systemsNetwork-compatibleAudit trail

Explain what is Audit data analytics in external Audit

Which statement about flowcharts is correct? a. They list internal control activities that are present or missing and are easy to understand and use for identifying control weaknesses in the typical processes. b. They visually represent the activities in a business process and are used to easily understand the process using standard notations. c. They show many details of a process in a single diagram that can be used to capture controls via decision points and the manual and automated processes. d. They are simple diagrams showing the sources of data, processes, and data storage that can be used to focus on the data separate from the who processes data.

Which of the following describes preventive controls? (Several choices may be correct.) Expected to be 100% effective. O Easily verified as to whether the control has worked. O Designed to stop misstatement from occurring. O Applied to each transaction prior to entering transactions into the accounting system. Applied to each transaction after transactions have been processed. O Designed to detect fraud or errors that have occurred.