Page 1 of 15 CEBU CPAR CENTER Mandaue City‚ Cebu AUDITING THEORY AUDITING IN A COMPUTER INFORMATION SYSTEMS (CIS) ENVIRONMENT Related PSAs/PAPSs: PSA 401; PAPS 1001‚ 1002‚ 1003‚ 1008 and 1009 PSA 401 – Auditing in a Computer Information Systems (CIS) Environment 1. Which statement is incorrect when auditing in a CIS environment? a. A CIS environment exists when a computer of any type or size is involved in the processing by the entity of financial information of significance to the audit
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Over the years ACL injuries have ruined and ended many athlete’s career merciless‚ but have you ever wondered what are the causes of this injury? According to American Academy of Orthopedic surgeons (AAOS). An estimated 200‚000 ACL injuries occur annually and 100‚000 ACL surgery operated each year‚ and it may increase.1 In order to prevent ACL injury‚ it is necessary to know the risk factors and to analyze the most frequent causes of ACL injuries. ACL injuries can occur while playing sports‚ or in
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Summary: This article is explaining how bad ACL tears truly are and why they are difficult to heal. An acl cannot heal itself‚ thus making it difficult to try and heal it. Many times when someone tears their ACL‚ their MCL is also torn. But the ACL does not reknit itself after an injury while the MCL does. Harvard Medical School doctors researched on a better way to heal an acl tear and they learned that using blood clots is a good method. When an MCL is torn‚ blood clots are created automatically
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[pic] |Auditing – ACC 403 | |Student Course Guide | |Prerequisite: ACC 304 | | |
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technology (IT) infrastructure. IT auditing is a branch of general auditing concerned with governance (control) of information and communications technologies (computers). IT auditors primarily study computer systems and networks from the point of view of examining the effectiveness of their technical and procedural controls to minimise risks. IT audits are also known as automated data processing (ADP) audits and computer audits or IS‚ IT or ICT auditing and systems auditing. They were formerly called electronic
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Practice Exam – 10 Points ACC/490 Auditing Student Name: Multiple Choice – Highlight the best answer Point Value: .25 each 1. Which one of the following is among the three components of audit risk? a. incurrence risk b. occurrence risk c. rejection risk d. control risk 2. The Hochfelder Case is important because it limited auditor liability under: a. the 1933 Securities Act. b. the 1934 Securities Exchange Act. c. common law. d. RICO. 3. Which of the following
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Daniel Stoakes Rae Larson Composition 2 May 3‚ 2011 Word Count: 772 words Final Exam The ability to write and speak effectively is a definite necessity in Composition 2. I am referring back to the first vocabulary word of the semester‚ rhetoric. Mrs. Larson explained that the knowledge gained from writing wouldn’t necessarily be advantageous in a numerical world‚ but in the world we live in where documents must be made‚ essays written‚ and reports put together rhetoric is a must. I am certain
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A professional judgment is a key factor in auditing. As a result of development of auditing and accounting industry‚ especially after a series of accounting fraud and auditing failure cases‚ such as Enron and Arthur Andersen‚ in the last decade‚ professional judgments is becoming a more and more important aspect for the independent auditing industry. Recently‚ many countries and professional bad issued more strict auditing standards to emphasize to this point. It means the auditor should be required
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Q: “Auditing begins where accounting ends. State points of difference between accounting and auditing? “Auditing begins where accounting ends” Accounting is a process of maintaining business records. Joint stock companies are required by law to maintain proper record of business transactions. Maintaining books of accounts and preparing financial statement is a prime responsibility of directors. The shareholders are ambitious to see that their investment is safe. It is therefore imperative
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AUDITING IN A CIS ENVORONMENT With the introduction of computers‚ conventional accounting systems and methods using papers‚ pens and abacuses have undergone drastic changes‚ therefore exerting a great impact on internal control and audit trails in following audit procedures. Also‚ the introduction of computer has brought an immense increase in the availability of electronic resources. My topic is entitled auditing in a Computerized Information System (CIS). One purpose why this topic is included
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