Explain what is meant by the test data approach

Assignment Help Accounting Basics

Reference no: EM13131396

Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.

Reference no: EM13131396

Questions Cloud

Sekonda xpose : Sekonda Xpose Watch Range Shark 1999 Advertisement and James Bond Omega watch advertisement. please evaluating two advertisements which advertisement more effective?

What is tex ordinary income : Cactus does not make any distributions during 2008, but had $200,000 of ordinary income. In 2009, ordinary income was $100,000 and distributions were $100,000. What is Tex's ordinary income for 2009?

Fits your overall interests : If you do not see a book that fits your overall interests, please advise me immediately so that we can secure a book that will do so.

Relationship between business and society : What recent (since 2000) high-profile incidents-- corporate scandals, economic and environmental crises, etc.-- have raised serious questions about the relationship between business and society?

Explain what is meant by the test data approach : Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.

Explain balance sheet presentation of the fair value : Explain balance sheet presentation of the fair value adjustment for Perry’s short-term investment.

Grammar and flow of paper to best answer : grammar and flow of paper to best answer the health policy assignment. I am going to upload the directions. Also if possible some text can be googled to add the best reference as well as check the latest statistics to replace some old ones. Th paper ..

What major factors permitted the embezzlement to take place : Frank James, a highly competent employee of Brinkwater Sales Corporation, had been responsible for accounting-related matters for two decades. His devotion to the firm and his duties had always been exceptional, and over the years, he had been giv..

What is the standard error of the mean : A standard deviation of 36 donuts. If a sample of 16 stores results in a sample average of 249 donuts what is the standard error of the mean?

User Account

All Pages