What purpose does documentary reliability analysis serve in digital accounting? (a) Assesses authenticity of electronic transaction evidence across platforms (b) Only checks paper documents (c) Focuses on historical records alone (d) Verifies tax returns exclusively

What are some possible pitfalls of using nonauthoritative sources when doing accounting research?

Which of the following is not a function of an Accounting information system? Select one: a. The supply of information useful for making decisions. b. The efficient and effective collection and storage of data concerning an organizations financial activities. c.The determining and evaluating of alternative courses of action d. The implementation of controls to accurately record and process data

Dicuss the techniques an imposter can use to breach into an accounting information system.

Accounting  What role does internal control play in ensuring accurate revenue recognition and preventing fraud?

(a) Audit tests include tests of controls and substantive procedures. Substantive procedures can be divided into substantive analytical procedures, tests of balances, tests of transactions and tests of disclosures. Required: For each test in the table below, select the type of audit test it represents.  T 1 Examine the financial report to determine whether all related party loans are properly presented 2 Recalculate depreciation figure 3 Trace sales recorded in the sales journal to shipping documents 4 Examine sales invoices for initials to indicate that prices and extensions have been checked 5 Check cost of closing inventory to subsequent sales prices 6 Confirm loan balances with financial institutions

What makes forensic accounting distinct from regular auditing?

What is the purpose of analytical reviews in the audit of revenue cycle accounts? Please give an example.

1) Why is it not necessary to model activities such as data entry of information about customers or suppliers, mailing invoices to customers, and recording invoices received from suppliers as events in an REA diagram? 2) How can REA diagrams help an auditor understand a client’s business processes? 3) How would accounts payable be reflected in an REA diagram?  Why?

An audit trail is a step-by-step record by which accounting data can be traced to its source. Therefore, Vouching is used primarily to test which of the following assertions about classes of transaction?  Select one: a.Accuracy.  b.Completeness. c. Cut-off d. Occurrence