Many Auditors Use Generalized Audit Software to Assist Them in the Examination

question 39

Essay

Many auditors use generalized audit software to assist them in the examination of clients' computer records.
a.Describe what is meant by generalized audit software.
b.List two advantages of the use of generalized audit software.
c.List three functions that may be performed with this type of software.

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Definitions:

Sandwich Generation

The generation of middle-aged people who are supposedly “squeezed” by the needs of the younger and older members of the families.

Middle-aged Women

Women who are in the middle stage of life, typically considered to be between the ages of 40 and 60.

Kinkeeper

Someone who becomes the gatherer and communication hub for their family.

Family Holidays

Specific occasions or periods designated for family members to celebrate, rest, or engage in shared activities and traditions.