The Results of a Generalized Audit Software Simulation of the Aging

question 13

Multiple Choice

The results of a generalized audit software simulation of the aging of accounts receivable revealed substantial differences in the aging contribution,even though grand totals reconciled.Which of the following should the IS auditor do first to resolve the discrepancy?

• A)Recreate the test,using different software.
• B)List a sample of actual data to verify the accuracy of the test program.
• C)Ignore the discrepancy because the grand totals reconcile and instruct the controller to correct the program.
• D)Create test transactions and run test data on both the production and simulation program.

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Definitions:

Direct Observations

A research method where behaviors or events are watched and recorded as they naturally occur, without interference or manipulation by the observer.

Case Study

A research method involving an up-close, in-depth, and detailed examination of a subject of study (the case), as well as its related contextual conditions.

Descriptive

Pertaining to the detailed description of characteristics, behaviors, or phenomena, without making judgments or inferring causes.

Correlational Research

A research method that examines the relationship between two variables to determine if they occur together in a predictable pattern.