Basics of computer-assisted audit technique

Assignment Help Accounting Basics
Reference no: EM13148586

What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?

What is the difference between the conventional test data approach and the integrated test facility approach?

In lieu of traditional testing, what approaches can be used in on-line entry/on-line processing systems?

Reference no: EM13148586

Questions Cloud

Why are vision and mission statements important to strategic : Why are vision and mission statements important to strategic development? How might leaders and managers view and use vision and mission statements differently?
Graphically depict the substitution and income effects : Trace a copy of this diagram. Graphically depict the substitution and income effects. 2.2. Which effect is strongest? How can you tell?
What are the specific types of lipids used by ruminants : Lipids are a major energy molecule in ruminants, as opposed to many other animals. How are lipids used to make ATP? What are the specific types of lipids used by ruminants? Describe their pathways for ATP synthesis or other biochemical uses.
Explain how many liters of flouridated drinking water : How many liters of flouridated drinking water would a 70 kg person have to consume in one day to reach this toxic level? How many kg of sodium flouride would be needed to treat a 7.49x 10^6 -gal reservior?
Basics of computer-assisted audit technique : What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?
Is there sufficient evidence to reject claim : Is there sufficient evidence to reject the claim that the mean annual income of teachers in state of Utah is greater than or equal to the mean annual income of teachers in Oregon? Perform a one-tailed test.
Computing payback period and unadjusted rate of return : Determine the payback period and unadjusted rate of return (use average investment) for each alternative. Indicate which investment alternative you would recommend. Explain your choice.
Describe two kinds of epigenetic changes : Your blot results show that one of the genes had a band by southern blot but no mRNA or protein produced when analyzed by northern and western blot.
What part of the change in sarah''s demand : what part of the change in Sarah's demand was due to the income effect and what part was due to the substitution effect?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cost and an allowance account

Prepare journal entries required at December 31, 2010, and December 31, 2011, assuming that the inventory is recorded at cost and an allowance account is adjusted at each year-end under a perpetual system.

  What is operating profit

A firm operate at 90% of capacity for the past year, during which fixed costs were $320,000, variable costs were 60% of sales and sales were $1,000,000. What is operating profit was?

  What is the minimum annual interest rate

What is the minimum annual interest rate they must earn to achieve their goal of $20,300 if the interest is compounded semi-annually?

  Calculate the total present value of cash flows

Interest is at 12%. Assume cash flows occur at the end of the year. Calculate the total present value of the cash flows.

  What is the difference between panel a and panel b

what is the impact of goodwill in explaining the difference in Nokia's net income and shareholders' equity under IFRS versus US GAAP?

  Affecting accounting data for the next fiscal period

Suppose that the nominal accounts are nto closed out at the end of the fiscal period. How does it affect accounting data for the next fiscal period?

  Discontinue production of subassemblies

Making decision for discontinue production of subassemblies and purchase from an outside supplier.

  Compare the advantages of using the retail method

High-volume retailers generally use the retail method for valuing inventories Instead of the various cost methods. Identify and evaluate the conditions that may distort the results under the retail method.Compare the advantages of using the retail..

  Budgets of isaac company

Isaac Company has a selling price of $10 per unit and expects to maintain ending inventories equal to 25 percent of the next month's sales. Calculate the budgeted beginning balance in units for finished goods inventory on November 1?

  Stockholders equity section of a client balance sheet

Which of the following is the most important audit consideration when examining the stockholders' equity section of a client's balance sheet?

  Why are the securities more marketable than loans

Marketability Commercial banks use some funds to purchase securities and other funds to make loans. Why are the securities more marketable than loans in the secondary market?

  Sale and the first interest payment

Assume the bonds are sold at par, and that interest is paid semi-annually. Record below the sale and the first interest payment.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd