1. Examination of data is more rapid;
2. Examination of data is more accurate
3. The only practical method of examining large amounts of data;
4. Gives the auditor practical acquaintance with live files;
5. Provides new opportunities to the auditor;
6. Overcomes in some cases a loss of audit trail;
7. Relatively cheap to use once set up costs have been incurred
8. Facilitates the achievement of audit objectives
9. Enhance audit planning
10. 10 Ensures that every area in the audit has been look as required.
Kavungya answered the question on May 15, 2019 at 08:29
- Application controls in confirmation technology are designed to ensure the integrity of the
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Date posted: May 15, 2019. Answers (1)
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Date posted: May 15, 2019. Answers (1)
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b) Outline the audit procedures you would carry out to verify the following items
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iii) Fire insurance premium on factory building,
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Date posted: May 15, 2019. Answers (1)
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Required:
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iii....(Solved)
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Date posted: May 14, 2019. Answers (1)
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Date posted: May 14, 2019. Answers (1)
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Choose the most reliable source of evidence from the two options given in each of the following
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ii) Negative circularization received directly by the client from a major debtor of XYZ
Ltd. or; Positive circularization received directly by the auditor from a debtor with
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iii) A logbook that shows vehicle registration number NEB 201 is registered under the
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Ltd. assuring you that the car is owned by XYZ Ltd.
iv) An LPO drafted by the Storekeeper of XYZ Ltd who has been procuring goods for
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Date posted: May 14, 2019. Answers (1)
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b) Citing two examples in each case, describe...(Solved)
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Date posted: May 14, 2019. Answers (1)
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