• Ensuring that the computers are programmed to automatically lock themselves when they
are not attended to.
• Passwords should be issued to the staff for access to the computer facilities.
• Computers should be programmed to record the names of` those who access the
computer for the purpose of adding alteration or deletion of data
• Authorization and approvals of amendments.
• Only authorised personnel should be permitted access to the computer facilities which
should be in secure room.
• Segregation of duties for those who make changes to the .files.
• There should be passwords that limit the access of data.
• Encryption of the data before transmission over the communication lives to make it
difficult for someone with free access to the transmission to understand or modify the
contents.
Kavungya answered the question on May 15, 2019 at 08:36
- Explain six ways in which audit software could be used in an audit.(Solved)
Explain six ways in which audit software could be used in an audit.
Date posted: May 15, 2019. Answers (1)
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the purchases ledger by the purchases department. The computer subsequently raises a...(Solved)
Jikaze Limited operates a computerised purchases system. Invoices and credit notes are posted to
the purchases ledger by the purchases department. The computer subsequently raises a cheque
when the invoice is due for payment.
Required:
Describe five controls that should be in operation over the addition, amendment and deletion or
suppliers in the computer system.
Date posted: May 15, 2019. Answers (1)
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procedures and detailed substantive procedures. When the information system is computer
based,...(Solved)
a) During an audit. the auditor uses a combination of compliance tests or control, analytical
procedures and detailed substantive procedures. When the information system is computer
based, the detailed tests involve the use of manual techniques and computer audit
programs.
Required:
Explain three manual techniques that an auditor could use in the audit of a computer based
information system.
(b) An audit trial can be described as a series of cross-references that enable the auditor to
Follow a transaction from cradle to grave and vice versa and to check the operations
performed at each stage of processing.
The transformation from manual accounting systems to fully computer based information
systems has led to the loss of audit trail such that audit trials are often now:
• Available in machine readable form only or
• Retained only as long as is necessary for the system to verify the transaction.
Required:
Explain the different ways auditors overcome these problems of loss of audit trail.
Date posted: May 15, 2019. Answers (1)
- Briefly explain the following types of audit software
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Briefly explain the following types of audit software
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Date posted: May 15, 2019. Answers (1)
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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)
- a) Discuss. four matters that an auditor should take into consideration in determining
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b) Describe three practical...(Solved)
a) Discuss. four matters that an auditor should take into consideration in determining
whether or not to use Computer Aided Audit Techniques (CAATs).
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Date posted: May 15, 2019. Answers (1)
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a) Distinguish between "vouching" and "verification".
b) Outline the audit procedures you would carry out to verify the following items
appearing in the financial statements of a client:
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ii) Loan to an employee.
iii) Fire insurance premium on factory building,
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Date posted: May 15, 2019. Answers (1)
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a) During the audit of cash in bank, an auditor should seek to obtain standard bank
confirmations from each-hank with which the client conducted business during the period
under audit.
Required;
i) Explain the importance of an auditor obtaining confirmations from the client's bank.
ii) Outline the steps followed by an auditor when obtaining confirmations from the
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Date posted: May 14, 2019. Answers (1)
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Required:
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Date posted: May 14, 2019. Answers (1)
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Summarise the audit work you would undertake to obtain reasonable assurance that the
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Date posted: May 14, 2019. Answers (1)
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Explain how an auditor would carry out the verification of cash at bank.
Date posted: May 14, 2019. Answers (1)
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iii....(Solved)
For each of the following items in the financial statements, identify hvo.forins of third party
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Date posted: May 14, 2019. Answers (1)
- Highlight six audit procedures that you would carry out to verify an acquisition of plant worth
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Highlight six audit procedures that you would carry out to verify an acquisition of plant worth
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Date posted: May 14, 2019. Answers (1)
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a) Argue the case for carrying out risk analysis during an audit
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Date posted: May 14, 2019. Answers (1)
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Describe the audit work that should be carried out by an auditor on suppliers invoices in the
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Date posted: May 14, 2019. Answers (1)
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a) List four audit .procedures you would perform on credit notes issued to customers upon
return of goods
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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
scenarios:
i) A bank reconciliation prepared by the Senior Chief Accountant of XYZ Ltd. or, A
bank confirmation received from a small branch of Zed Bank Ltd; bankers of XYZ
Ltd.
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
respect to a debt that had earlier been written off.
iii) A logbook that shows vehicle registration number NEB 201 is registered under the
ownership of the CEO of XYZ Ltd. or; An oral representation by the CEO of XYZ
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
XYZ Ltd. for the past ten years or;
A Goods Received Note generated by the storekeeper and signed by the supplier upon delivery
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Date posted: May 14, 2019. Answers (1)