What is the purpose of a systems analysis, and what type of information should be included in the systems analysis report?

Q: Who should sit on the systems steering committee? What are their typical responsibilities?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: Discuss how the elements of efficiency, effectiveness, and flexibility are crucial to the design of…

A: Information system is a system which consists of some interrelated components which stores, edits…

Q: What are the broad classes of facts that need to be gathered in the system survey?

A: Accounting Information System: AIS collects, records, stores and processes accounting and other data…

Q: Discuss the independence issue related to Generalized Audit Software

A: GAS stands for Generalized Audit Software, which is defined as the software created in order to…

Q: Explain how an embedded audit module works.

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Q: How can data analysis be used to identify stakeholders?

A: Stakeholder analysis involves the study of identifying, collecting, and analyzing data on different…

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 is the purpose of Access Security Software?

A: Introduction: Access security is a procedure that is implemented into the information technology…

Q: What does the process of providing this information to external users is called? Describe about it…

A: Financial Reporting System:   It refers to monitoring the financial resources of an organization as…

Q: riefly provide your opinion whether an auditors wishing to assess the adequacy of separation of…

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Q: What is the mechanism via which Naics operates?

A: It is about the mechanism via which Naics operates:

Q: What are the objectives of application controls?

A: An application control consists of compactness and validity checks, identification, authentication,…

Q: What is system decomposition and subsystem interdependency? How are they related?

A: Decomposition in computer terminology refers to factoring which is the breaking down of a complex…

Q: What is data mining?

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Q: What is the heart of ERP system?

A: Given: It is necessary to inquire about the element at the core of the ERP.

Q: risk management ideas, common reaction strategies, and IT system recovery issues

A: Some of the important risk management ideas are listed below: Keep an eye on changes in your…

Q: What is a data model?

A: Data model is presentation of data in a logical manner; so that, data can be read and processed by…

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

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

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Q: what is Strategic Systems Auditing and how it apply to the company?

A: Strategic System Auditing While adopting the strategic system auditing procedures which helps to the…

Q: What is the purpose of a digital audit trail?

A: Digital audit trail means that path which is used to trace the actual transactions from the relevant…

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: Give example of the relationship between a Human Resource Information System and MIS.

A: Human Resource Information System (HRIS) refers to the system of collecting, recording, classifying,…

Q: What are some of the key documents that may be reviewed in a current systems survey?

A: Current System Survey:   Current system survey is conducted to discover the root cause of reported…

Q: What is a management control system?

A: Management control system:

Q: What are the advantages of real-time data processing?

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Q: What is the internal auditor’s primary role in the conceptual design of the system?

A: Conceptual Design:   Conceptual design is that structure which provides various conceptual system…

Q: What does stewardship mean and what is its role in an information system?

A: Definition: Accounting information system: The system which helps to gather, store, and process the…

Q: What is the name given to the systems development approach used to quickly produce a model of user…

A: System Development Approach: There are various approaches which can be used in order to develop a…

Q: What is the audit team’s goal in performing them in an attributessampling application?

A: Attributes sampling involves selecting a small number of transactions from the given population of…

Q: Why Accountants should be involved in the detailed design and implementation of the system…

A: System Development Life Cycle:   The system development life cycle is a set of series or systematic…

Q: Which of the following is the correct sequence of activities in the systems development life cycle?…

A: System Development Life Cycle (SDLC): System Development Life Cycle (SDLC) is a system development…

Q: Why is the object-oriented approach particularly suited to ERP system design?

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Q: What are some tests of data communications controls?

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Q: Discuss why an understanding of legacy system technologies is of some importance to auditors.

A: Legacy system: It can be defined as the old computer hardware or software, outdated technologies,…

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: Discuss both internal and external factors affecting the ITP systems.

A: Internal Factors:1)Internal Social EnvironmentProblems with transfer pricing exist only inside a…

Q: Why is IT control and auditability so important in today's virtual environment?

A: Today's virtual environment has changed the aspects of traditional accounting and audit process…