CAATs Samenvattingen, Aantekeningen en Examens

Aue3702 exam pack solutions AND explained NOTES. QUESTION 2 41 marks Librarians Ltd's (Librarians) main business involves the sale of books to various book stores all over South Africa. You are the audit senior in charge of the audit for the year ended 31 December 2015. Sales Librarians uses an automated sales system. Based on your identification and assessment of risk in the planning stage of the audit of Librarians, you decided to use a combination of tests of details and substantiv...

CISA Domain 1 Exam 88 Questions with Verified Answers Interviewing and Observing Personnel - CORRECT ANSWER Actual Functions - An adequate test to ensure that the individual who is assigned and authorized to perform a particular function is the person who is actually doing the job. Actual Processes and Procedures - allows the IS auditor to gain evidence of compliance and observe deviations, if any. Security Awareness - Should be observed to verify an individuals understanding and practice ...

CISA Exam 388 Questions with Verified Answers Which of the following controls will MOST effectively detect the presence of bursts of errors in network transmissions? a. Parity check b. Echo check c. Block sum check d. Cyclic redundancy check - CORRECT ANSWER d. Cyclic redundancy check Which of the following issues associated with a data center's closed circuit television (CCTV) surveillance cameras should be of MOST concern to an IS auditor? A. CCTV recordings are not regularly revi...

CISA Practice Exam 208 Questions with Verified Answers In a public key infrastructure (PKI), which of the following may be relied upon to prove that an online transaction was authorized by a specific customer? Correct A. Nonrepudiation B. Encryption C. Authentication D. Integrity . - CORRECT ANSWER You are correct, the answer is A. A. Nonrepudiation, achieved through the use of digital signatures, prevents the senders from later denying that they generated and sent the m...

Transaction tagging - electronically marks specific translations. - Embedded audit modules - sections of program code collect date for the auditor. - Test data - use the client's system to process the auditor's data, off-line. - Integrated test facility - use of the client's system to process the auditor's data, on-line. - Parallel simulation - use of the auditor's system to process client data.4-35 List and briefly define the types of computer assisted audit techniques (CAATs) that m...

University of South Africa AUE 3702| Substantive Procedures and Finalizing an Audit Semester 1 & 2ORIENTATION AND LEARNING APPROACH iv TOPIC 1: Audit evidence 1 LEARNING UNIT 1.1: The theory of audit evidence (ISA 500) 2 LEARNING UNIT 1.2: Relying on information produced by a 7 management’s expert (ISA 500) LEARNING UNIT 1.3: Using the work of an auditor’s expert (ISA 620) 10 LEARNING UNIT 1.4: Using the work of internal auditors (ISA 610) 13 LEARNING UNIT 1.5: Initial engagements: opening b...

AUE3702 2014 S2 – QUESTION (UNISA) You are an audit senior at Bean Counters Inc. ("Bean Counters"), a firm of registered auditors. Bean Counters were appointed as the auditors of Banana Limited ("Banana") on 1 August 2014, and you were assigned to the statutory audit of Banana for its financial year ended 30 September 2014. Suppose that you are Victor Sitabule. You are responsible tor auditing opening balances, deciding on whether or not reliance may be placed on the work performed by...

Name one of the keys to effective employment of Tests of Controls (ToC) that IT auditors need to know and understand. - ANS - : There is a high potential benefit to use toc when an automated control exists The it auditor must have sufficient assurance of the effectiveness of it general controls Risk-based standards require that the relevant it controls were designed properly and implemented Name one of the main contributions an IT Auditor can make to a Financial Audit. - ANS - : Tests of ...

Which of the following is not an objective of computer forensics? a. Identifying perpetrators or other individuals of interest. b. Locating and recovering data, files, and e-mail. c. Determining guilt in computer crimes. d. All of the above are objectives of computer forensics. - ANSWER-Determining guilt in computer crimes With respect to computer forensic investigations and including opinions and conclusions in the practitioner'sreport, the practitioner ____________. a. Should carefull...

Notes cover content for entire semester Topics covered: * The auditing and assurance environment, understanding the importance of auditor independence and the use of professional scepticism * Planning the audit and understanding the concept of "business risk" * Introduction to the concept and importance of internal controls * Understanding audit risk assessment and the linkage to key accounts and management's financial statement assertions * Audit evidence collection linked to priorit...