Auditing around computer means mcq

  • - Increased accuracy in recording transactions is a benefit of computerized audit. - With computerized audit, the chances of arithmetical errors and human errors are reduced to a minimum. - The use of computers allows for greater speed in recording transactions and preparing books and accounts.

  • What does buy auditing with a computer we mean?

    auditing with a computer we mean. the inputs and the corresponding outputs are compared and checked for correctness. the programs and procedures are checked for correctness..

  • What is auditing around the computer Mcq?

    Auditing around the computer is one of the methods of evaluating a client's computer controls.
    It picks source documents randomly and verifies the outputs with the inputs.
    This method can only exist when controls over the computer system are non-existent..

  • What is the meaning of auditing through the computer?

    Auditing through the computer is the process of reviewing and evaluating the internal controls in an electronic data processing system..

  • Which approach is also known as auditing around the computer?

    Now a days audit around the computer is considered as an auditing approach.
    It is more often known as black box audit approach.
    Most often this approach is used either because: processing done by the computer is too simple e.g. casting, sorting etc..

  • Which approach is also known as auditing through computer?

    Computer-assisted audit tool (CAATs) or computer-assisted audit tools and techniques (CAATTs) is a growing field within the IT audit profession.
    CAATs is the practice of using computers to automate the IT audit processes..

  • An audit aims to establish whether information systems are safeguarding corporate assets, maintaining the integrity of stored and communicated data, supporting corporate objectives effectively, and operating efficiently.
By auditing through the computer we mean.
the inputs and the corresponding outputs are compared and checked for correctness; the programs and procedures are 

What is a 'through the machine' audit?

In the ‘through the machine’ approach, the auditor uses CAATs to ensure that computer - based application controls are operating satisfactorily

The key objectives of an audit do not change in a computer environment

What is auditing around the computer?

Auditing around the computer is when the audit team doesn’t inspect IT system controls

Instead, they obtain source documentation from the system (i

,e,system reports) and compare that information to the financial statements

Unless the audit team has specific IT knowledge, this is the route most audit teams take as its less complex


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