Data Analytics For Accounting
19th Edition
ISBN: 9781260375190
Author: RICHARDSON, Vernon J., Teeter, Ryan, Terrell, Katie
Publisher: Mcgraw-hill Education,
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Question
Chapter 5, Problem 7DQ
To determine
Explain reasons for preferring audit firms in usage of proprietary workpapers rather than making storage of working papers on the cloud.
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Why is segregation of duties important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?
What is meant by data mining, and why must technical analysts be careful not to engage in it?
Consider “segregation of duties.” Why it is important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?
Chapter 5 Solutions
Data Analytics For Accounting
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Similar questions
- Discuss the importance of the role of the database administrator. In the flat-file environment, why is such a role not necessary? What tasks does the DBA perform?arrow_forwardHow should the security for the database be different than security for the rest of the system? Does it make a difference for web-based data designs? If so, how?arrow_forwardDiscuss why control procedures over access to the data resource become more crucial under the database approach than in the flat-file environment. What role does the DBMS play in helping to control the database environment?arrow_forward
- What types of unique control problems are created by the use of PC accounting systems?arrow_forwardDescribe the differences between auditing around the computer and auditing through the computer? Which one is more effective in a computerized accounting information system? Why?arrow_forwardComputers remove a fundamental separation of functions between authorizing and processing transactions, and there is also a risk of the integrity of accounting records. What do you think, how can management control these risks?arrow_forward
- How is a lockout different from a deadlock? Give an accounting example to illustrate why a database lockout is necessary and how a deadlock can occur. Provide meaningful table names in your example.arrow_forwardData in a data warehouse are in a stable state. Explain how this can hamper data mining analysis. What can an organization do to alleviate this problem?arrow_forwardNow consider “segregation of duties.” Determine why it is important in an IT environment. What are some advantages of using IT and audit software when conducting an audit?arrow_forward
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