5tyles 5. During a systems audit, the system performance is compared to a. similar systems b. newer systems c. the design specifications d. competing systems
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- Define the following accounting terms: 1) Entry - level software 2) Internal control 3) Network - compatible 4) Enterprise resource planning systems 5) Audit trailPlease give answers with own answer on accounting information system 1. Distinguish the roles of internal and external auditors in AIS 2. Distinguish between the centralized and distributed approaches to organizing the IT function.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…
- Accounting The IS audit function as a whole will normally require which of the following skills: а. Data analysis skills. b. Ability to write computer programs. С. Experience in running an IS organization. d. Skills in constructing networks.Identify two specific IT-related risks in computerized accounting information systems. Propose a strategy that might be implemented to mitigate or eliminate each selected risk. Be sure to effectively support your rationale.Answer the question below: Please include atleast one reference 1: Explain Audit data analytics in risk assurance
- 1. Data under a traditional ledger system is authenticated by a central authority while data under a blockchain is authenticated through Select one: a. central authority. b. a party outside the blockchain. C. mass collaboration. d. an external audit. 2 Analyzing data with the purpose of determining a casual relationship refers to Select one: a. predictive analytics. b. descriptive analytics. c. diagnostic analytics. d. prescriptive analytics. 3. Which of the following items is not an application of blockchain? Select one: a. joining ERP systems from multinational subsidaries. b. continual updating of real-time data on customer preferences. C. continual updating of financial statements with new transactions. d. joining ERP systems from different companies.Identify risks for accounting systems that rely heavily on IT functions.A CIS environment exists when a computer of any type o. size is involved in the processing of an entity's financial information. If an auditor is involved in the configuration and system development prior to the implementation, is the financial information is considered reliable and free from error?
- 1.Explain the relation ship between application controls and transaction related audit objectives . 2.explain what is meant by auditing around the computer and describe what must be present for this approach to be effective when auditing clients who use IT to process accounting information 3.explain what meant by the test data approach. What are the major difficulties with using this approach?define parallel simulation with audit software and provide an exmaple of how it can be used to test a client's payroll system 4.describe risks that are associated with purchasing software to be installed on desktop computer hard drives.what precautions can clients take to reduce those risks? 5.compare the risks associated with network systems to those associated with centralized IT functions 6.how does the use of a database management system affect risks? 7.an audit client is in the process of creating an online web-based sales ordering system for customers to purchase products using personal…Question based on Accounting Information System subject 5. What are the levels of data hierarchy ?6. Distinguish the roles of internal and external auditors7. Distinguish between the centralized and distributed approaches to organizing the IT function.Which of the following statements is the best definition of an accounting information system? A. A framework that uses computers to produces financial statements B. A framework that coordinates resources (components) needed to convert information into data in order to achieve objectives C. The management information system that generates various reports for management decisions D. A framework that coordinates resources (components) needed to convert data into information for decision making