Auditing through the computer is most likely to be used when

Auditing through the computer is most likely to be used when: Processing is primarily on line and updating is real-time. Which of the following computer system risks would be increased by the installation of a database system? Improper data access.

1. What is auditing through the computer?
2. When should you audit a computer?
3. Where is auditing used?
4. What are the benefits of computer auditing?
5. Can audit be done by computer?
6. What auditing means?
7. How are computer assisted audit techniques used?
8. When did auditing start?
9. What is the process of auditing?
10. What is the objective of auditing?
11. What is the auditing term to describe the auditing technique utilized where computer controls at the client are tested by computers used by the auditor?
12. What is audit software?
13. What factors influence auditors use of computer assisted audit techniques?
14. What are the benefits of electronic auditing?
15. What is electronic auditing?
16. Which auditing is worth computerized or manual auditing?

What is auditing through the computer?

Auditing through the computer describes the various steps taken by auditors to evaluate client's software and hardware to determine the reliability of operations that is hard for human eyes to view and also test the operating effectiveness of related computer controls, e.g., access control.

When should you audit a computer?

Audit around the computer approach is used in situations when auditor is of the opinion that computer system is reliable and often comparison of inputs i.e. source documents to outputs i.e. financial reports is done which in auditor's judgement is enough.

Where is auditing used?

Internal audits are used to improve decision-making within a company by providing managers with actionable items to improve internal controls. They also ensure compliance with laws and regulations and maintain timely, fair, and accurate financial reporting.

What are the benefits of computer auditing?

B Com: Benefit Of Computerized Audit, Recent Trend or Current Issues - Auditing & Secretarial Practice B Com Notes | EduRev. The document Benefit Of Computerized Audit, Recent Trend or Current Issues - Auditing & Secretarial Practice B Com Notes | EduRev is a part of the B Com Course Auditing and Secretarial Practice.

Can audit be done by computer?

Computer Assisted Audit Techniques (CAATs)

The nature of computer-based accounting systems is such that auditors may use the audit client company's computer, or their own, as an audit tool, to assist them in their audit procedures.

What auditing means?

Definition: Audit is the examination or inspection of various books of accounts by an auditor followed by physical checking of inventory to make sure that all departments are following documented system of recording transactions. It is done to ascertain the accuracy of financial statements provided by the organisation.

How are computer assisted audit techniques used?

Use your audit plan to identify where CAATs can be used. Focus on recognising specific audit needs. Identify data necessary to achieve the required results. Document your data requirements, i.e. the what, where, how and who.

When did auditing start?

The auditing origin can be traced back to the 18th century, when the practice of large scale production developed as a result of the Industrial Revolution. Systems of checks and counter checks were implemented to maintain public accounts as early as the days of ancient Egyptians, Greeks and Romans.

What is the process of auditing?

Although every audit process is unique, the audit process is similar for most engagements and normally consists of four stages: Planning (sometimes called Survey or Preliminary Review), Fieldwork, Audit Report and Follow-up Review. Client involvement is critical at each stage of the audit process.

What is the objective of auditing?

Objectives of Auditing

Main Objective: The main objective of the auditing is to find reliability of financial position and profit and loss statements. The objective is to ensure that the accounts reveal a true and fair view of the business and its transactions.

What is the auditing term to describe the auditing technique utilized where computer controls at the client are tested by computers used by the auditor?

5. Computer Assisted Audit Technique (CAAT) The CAAT method of testing is often used to analyze large volumes of data, but it can also be used to analyze every transaction, rather than just a sample of all performed transactions. There is a specially designed software used to perform a CAAT.

What is audit software?

Specialized programs that perform a variety of audit functions, such as sampling databases and generating confirmation letters to customers and vendors. ... Audit software often includes a non-procedural language that lets the auditor describe the computer and data environment without detailed programming.

What factors influence auditors use of computer assisted audit techniques?

UTAUT proposes that four factors influence user acceptance: (1) user expectations about systems' performance (i.e., performance expectancy), (2) users' perceptions about the effort needed to use the new system (i.e., effort expectancy), (3) users' perceptions whether individuals important to them encourage system use ( ...

What are the benefits of electronic auditing?

Conducting an e-audit has many benefits including saving time, reduce the travel to remote regions, less paper required and, witnessing and tracking the audit in real-time.

What is electronic auditing?

Electronic auditing, or e-Auditing, is computer-assisted auditing that uses electronic records to complete all or part of the audit. If you use a computer to record your business activity and maintain this data electronically, you are a candidate for an electronic audit.

Which auditing is worth computerized or manual auditing?

Accounting software not only processes data and creates reports much faster than manual systems, but also allows faster data entry. Overall computerized accounting will save you a lot of time, as it allows documents such as invoices, purchase orders and payroll to be collated and printed quickly and accurately.