“If we document a system with a systems flowchart and data flowdiagrams, we have overdocumented the system.” Discuss fully.

Q: How can Embedded Audit Modules in software be utilized in an audit?

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

Q: Discuss the independence issue related to Generalized Audit Software

A: GAS stands for Generalized Audit Software, which is defined as the software created in order to…

Q: Explain how an embedded audit module works.

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Q: Create a system flowchart of the existing system.

A: Flowchart:   Flowchart is representation of procedures concerned with the transactions in the…

Q: How could a computerized system’s transaction audit trail in an advancedsystem differ from one in a…

A: Audit Trail: The accounting records of an entity are provided in an audit trail. It is used to…

Q: riefly provide your opinion whether an auditors wishing to assess the adequacy of separation of…

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Q: Distinguish between a database lockout and a deadlock.

A: Definition: Database: The database is a collection of the data that is stored and accessed in…

Q: The database model most likely to be used in the development of a modern (not legacy) system is a.…

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Q: Describe the differences between a data flow diagram and a system flowchart. Give an example of when…

A: Data flow diagram and system flowcharts are used in the business to graphically represent the…

Q: What are some enterprise system failures?

A: INTRODUCTION: Although a business might be an enterprise, not all companies are enterprises. An…

Q: a. Create a data flow diagram of the current system. b. Create a system flowchart of the existing…

A: “Hey, since there are multiple sub-parts posted, we will answer first three sub-parts. If you want…

Q: What do you call a thing that is provided by AIS by ensuring the information produced by the system?

A: Accounting Information Systems: An accounting information system is referred to as the system that…

Q: What very important precautions must be taken during the data conversion procedures?

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Q: How are system flowchart and program flowcharts related?

A: System flowchart(SF) is a way to display data flow in a system and the decision to be made for…

Q: If all of the inputs have been validated before processing, then what purpose do run-to-run controls…

A: The run to run controls is a control device to ensure that no records are lost, unprocessed or…

Q: What factor influences the decision to employ real-time data collection with batch updating rather…

A: Definition: Transaction process system: The transaction process system can be defined as a system…

Q: What are the strengths and weaknesses of a batch system with direct access files?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: necessary in the AIS

A: The Importance of Accounting Information Systems in the Accounting Curricula:    Research regarding…

Q: Which of the following is least likely to be a general control over computer activities?       a.…

A: Audit is conducted in order to verify whether the financial statements are accurately presented.…

Q: Briefly describe record counts, batch totals, and hash totals. What types of errors in input…

A: Input controls: It is created to provide reasonable guarantee of received data for processing by the…

Q: If an organization processes large numbers of transactions that use common data records, what type…

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Q: What are four ways in which database management systems provide a controlled environment to manage…

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Q: Is access control of greater concern in the flat-file or database file environment?

A: Access Control: Access control can be defined as a process which is incorporated into the IT…

Q: Define audit trail. How could a computerized system’s transaction audit trail in an advancedsystem…

A: Audit Trail: The accounting records of an entity are provided in an audit trail. It is used to…

Q: Explain the importance of documentation by the systems programmers.

A: Documentation:   Documentation refers to maintain a set of documents by a technical person in the…

Q: What documents trigger and support batch processing systems?

A: Batch processing system refers to the transaction’s processing in a bunch or group. The interaction…

Q: Why might an auditor use a program flowchart?

A: Flowchart:   Flowchart is representation of procedures concerned with the transactions in the…

Q: Discuss why control procedures over access to the data resource become more crucial under the…

A: Definition: Database Management: Database management refers to the management of databases held…

Q: Discuss the major control implications of batch systems with real-time data input. What compensating…

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

Q: What types of tasks become redundant in a distributed data processing system?

A: Distributed data system involves reorganization the central IT function into smaller IT units which…

Q: If an organization processes transactions that have independent (unique) data needs, what type of…

A: Definition: Transaction process system: The transaction process system helps a business to process…

Q: How is the access control list approach different from RBAC?

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Q: Managed CDOs is designed for what?

A: Introduction: A collateralized debt obligation (CDO) is a portfolio of differing credit quality debt…

Q: Explain with an example why any computer-based application control cannot function on its own and…

A: Controls are put in place in order to check, detect and control the given situation and to record…

Q: Discuss the benefits that may be realized in switching from a computerized batch processing system…

A: The Batch systems assemble the transactions into groups called as batches for processing. The Batch…

Q: 1. Explain the audit control over data management!

A: Audit states examination of the business books or financial statements and it helps in detecting any…

Q: What are some tests of data communications controls?

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Q: Discuss the characteristics of a computerized information system that make it different from the…

A: The system which is used to record and store the accounting or financial information is termed the…

Q: Why is IT control and auditability so important in today's virtual environment?

A: Today's virtual environment has changed the aspects of traditional accounting and audit process…

Q: Examine the diagram below and determine what essential mechanism is missing. Once you have…

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