• Question 54 When an auditor tests the internal controls of a computerized accounting system, which of the following is true of the test data approach?
• Question 55 When conducting fieldwork for a physical inventory, an auditor cannot perform which of the following steps using a generalized audit software package?
• Question 56 Which of the following is not a problem associated with the use of test data for computer-audit purposes?
• Question 57 In parallel simulation, actual client data are reprocessed using an auditor software program. An advantage of using parallel simulation, instead of performing tests of controls without a computer, is that
• Question 58 Which of the following is necessary to audit balances in an on-line EDP system in an environment of destructive updating?
• Question 59 Which of the following passwords would be most difficult to crack?
• Question 60 A computer-assisted audit technique that is most likely to be effective in a continuous auditing environment is
• Question 61 Smith Corporation has numerous customers. A customer file is kept on disk storage. Each customer file contains name, address, credit limit, and account balance. The auditor wishes to test this file to determine whether credit limits are being exceeded. The best procedure for the auditor to follow would be to
• Question 62 When an auditor tests a computerized accounting system, which of the following is true of the test data approach?
• Question 63 An audit technique which involves actual analysis of the logic of a computer program’ s processing routines is referred to as
• Question 64 In auditing through a computer, the test data method is used by auditors to test the
• Question 65 A primary advantage of using generalized audit software packages to audit the financial statements of a client that uses a computer system is that the auditor may
• Question 66 Which of the following is an advantage of generalized computer audit packages?