ACC 564 TUTOR Great Stories /acc564tutor.com ACC 564 TUTOR Great Stories /acc564tutor.com | Page 34

The evidence collection method that examines all supporting
documents to determine the validity of a transaction is called
Question 7
With which stage in the auditing process are the consideration
of risk factors and materiality most associated?
Question 8
An auditor must be willing to accept some degree of risk that the
audit conclusion is incorrect. Accordingly, the auditor's
objective is to seek ________ that no material error exists in the
information audited.
Question 9
The information systems audit objective that pertains to source
data being processed into some form of output is known as
Question 10
An auditor manually calculates accumulated depreciation on a
delivery van and compares her calculation with accounting
records. This is an example collecting audit evidence by
Question 11
Key differences exist when an integrated Enterprise Resource
Planning system (ERP) replaces an existing AIS or legacy
system. For example, ________ are more accurate and timely,
enabling sales order entry staff to provide customers more
accurate information about delivery dates.
Question 12
A way to incorporate the advantages of Electronic Data
Interchange with the Electronic Funds Transfer is
Question 13