Having a Computer Audit Specialist as a Member of the Audit

question 43

Multiple Choice

Having a computer audit specialist as a member of the audit team relates to the effect of electronic data processing on:

• A) the timing of audit tests.
• B) the extent of audit tests.
• C) the nature of audit tests.
• D) audit staffing.
• E) material account balances and transaction classes.

Recognize the importance of using cell references in formulas for dynamic data manipulation.

Familiarize with Excel's formatting tools, including text orientation and indent functions.

Grasp the concept of cell and range copying, including using the Clipboard for data management.

Identify the correct application of conditional logic in formulas to drive data analysis.

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Definitions:

Accounting Error

A mistake in the recording, categorization, or calculation of financial transactions.

Existential Import

The implication that at least one instance of the subject in a categorical proposition exists.

Coherent Argument

An argument where all the premises logically support the conclusion and are consistent with each other.

Assert

To assert a fact or conviction with confidence and vigor.