• Question 18 Which of the following statements is correct concerning the security of messages in an electronic data interchange( EDI) system?
• Question 19 In which of the following circumstances would an auditor expect to find that an entity implemented automated controls to reduce risks of misstatement?
• Question 20 Carmel Department Store has an ERP information system and is planning to issue credit cards to creditworthy customers. To strengthen internal control by making it difficult for one to create a valid customer account number, the company’ s independent auditor has suggested the inclusion of a check digit which should be placed
• Question 21 Which of the following characteristics distinguishes electronic data interchange( EDI) from other forms of electronic commerce?
• Question 22 Which of the following is an engagement attribute for an audit of an entity that processes most of its financial data in electronic form, without any paper documentation?
• Question 23 Which of the following computer-assisted auditing techniques processes client input data on a controlled program under the auditor ' s control to test controls in the computer system?
• Question 24 An auditor would least likely use computer software to
• Question 25 Which of the following statements is not true of the test data approach to testing an accounting system?
• Question 26 When an auditor tests a computerized accounting system, which of the following is true of the test data approach? When an auditor tests a computerized accounting system, which of the following is true of the test data approach?
• Question 27 A primary advantage of using generalized audit software packages to audit the financial statements of a client that uses an EDP system is that the auditor may
• Question 28 Which of the following strategies would a CPA most likely consider in auditing an entity that processes most of its financial data only in electronic form, such as a paperless system?