Distinguish between the verification model and the discovery model approaches to data mining.

Q: How can Embedded Audit Modules in software be utilized in an audit?

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: __is a necessary element for the successful warehousing of data EXCEPT

A: The Answer

Q: What's the related cost of implementing database system?

A: This question explains about  the related cost of implementing database system.

Q: How is Parallel Simulation utilized during an audit?

A: Auditing:   It is the systematic verification of the books of accounts of an organisation by an…

Q: Explain how an embedded audit module works.

A:

Q: Should an auditor wishing to assess the adequacy of separation of functions examine a data flow…

A: Audit: Audit is the process of verification of the compliance of the financial statements.

Q: What flat-file data management problems are solved as a result of using the database concep

A: Database Management:   Database management refers to management of databases held within an…

Q: This chapter stressed the importance of data normalization when constructing a relational database.…

A: Data warehousing is a method through which an organization collects and manages the data from the…

Q: Explain how a data warehouse database is fundamentally different from a transaction processing…

A: Transaction Process System:   Transaction process system can be defined as a system designed to…

Q: What are the three general problems associated with data redundancy?

A:

Q: Distinguish between the centralized and distributed approaches to organizing the IT function.

A:

Q: Explain why the data warehouse needs to be separate from the operational database.

A: Data Warehousing:   Data warehousing is a method through which an organization collects and manages…

Q: Explain the link between application controls and the audit goals for transaction-related audits.

A: Introduction: In the context of an application, application control is a check-in in which the…

Q: Distinguish between entity relationship diagrams, data flow diagrams, and system flowcharts.

A: Transaction Process System:   Transaction process system can be defined as a system designed to…

Q: List the causes of information risk,and explain how this risk can bereduced

A: Information Risk – It’s a kind of risk which occurs whenever various business risk decision are made…

Q: What very important precautions must be taken during the data conversion procedures?

A:

Q: Which of the following is NOT part of the systems implementation process? a. converting databases b.…

A: Select the correct option from the above.

Q: What exposures do data consolidation in a CBIS environment pose?

A:

Q: If all of the inputs have been validated before processing, then what purpose do run-to-run controls…

A: The run to run controls is a control device to ensure that no records are lost, unprocessed or…

Q: What factor influences the decision to employ real-time data collection with batch updating rather…

A: Definition: Transaction process system: The transaction process system can be defined as a system…

Q: Outline the important considerations that should inform any given research data analysi

A: Data Analysis is the systematic process which uses statistical and/or logical techniques to outline…

Q: What is the benefit of Generalized Audit Software in an audit?

A: Definition:   Generalized audit software (GAS): The software which assists an auditor to perform…

Q: Is access control of greater concern in the flat-file or database file environment?

A: Access Control: Access control can be defined as a process which is incorporated into the IT…

Q: Explain the importance of documentation by the systems programmers.

A: Documentation:   Documentation refers to maintain a set of documents by a technical person in the…

Q: Outline the traditional problems associated with the flatfile model that are resolved by the…

A: Flat File:   Flat file is a model in which data is structured and formatted in such a way that…

Q: Why might an auditor use a program flowchart?

A: Flowchart:   Flowchart is representation of procedures concerned with the transactions in the…

Q: Explain the relationship between the three levels of the data definition language. As a user, which…

A:

Q: Discuss why control procedures over access to the data resource become more crucial under the…

A: Definition: Database Management: Database management refers to the management of databases held…

Q: If an organization processes transactions that have independent (unique) data needs, what type of…

A: Definition: Transaction process system: The transaction process system helps a business to process…

Q: Briefly provide your opinion whether an auditor wishing to assess the adequacy of separation of…

A:

Q: Briefly explain the importance of conceptual or internal mapping in DBMS

A: This question explains about the importance or internal mapping DBMS:

Q: Explain the purpose of an ER diagram in database design.

A:

Q: Compare and contrast the difference between the retrospective analytics approachand the predictive…

A: Retrospective analytics approach is a process of finding the useful data in order to evaluate what…

Q: “If we document a system with a systems flowchart and data flowdiagrams, we have overdocumented the…

A: AIS termed as Accounting information system which is defined as the structure that the companies…

Q: What problems does the data cleansing step attempt to resolve?

A: Accounting information system : AIS is a structure used in business for collecting, storing,…

Q: What are CAATs (Computer-aided audit tools)?

A: CAAT is a technique through which, computer is being used in performing some part of the auditing…

Q: Give an application for a replicated database.

A: Database management refers to management of databases held within an organization. Database…

Q: What assertions are tests for transaction classes?

A: Management assertions are the claims made by the management about the items in the financial…

Q: Examine the diagram below and determine what essential mechanism is missing. Once you have…

A:

Computerized Accounting System

The Computerized Accounting System is generally a system of maintaining accounts using computers. In this method of accounting system, the accounting transactions are processed through the use of hardware and software to generate the reports such as journals, ledgers, trial balance, trading account, P/L accounts, balance and other reports.