The Results of a Generalized Audit Software Simulation of the Aging

question 4

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 program.
• D) Create test transactions and run test data on both the production and simulation program.

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Definitions:

Self-Interests

The focus on one's own benefit or advantage, especially when pursued without regard for others.

Utilitarian View

An ethical philosophy that posits the best action is the one that maximizes utility, generally defined as actions that promote happiness or pleasure and reduce suffering.

Ethical Behaviour

Conduct based on recognized moral principles or values, emphasizing honesty, fairness, and integrity in personal and professional realms.

Greatest Good

A principle aiming at the maximum positive outcome or benefit for the largest number of people.