When Using Test Data,why Are Audit Teams Required to Prepare

question 19

Multiple Choice

When using test data,why are audit teams required to prepare only one transaction to test each computer processing alternative?

• A) The speed and efficiency of the computer results in reduced sample sizes.
• B) The risk of misstatement is typically lower in a computerized processing environment.
• C) Audit teams generally perform more extensive substantive testing in a computerized processing environment, resulting in less need to test processing controls.
• D) In a computerized processing environment, each transaction is handled in an identical manner.

Change tables back to ranges and understand the implications for data management.

Understand the process and terminology of aging data for compensation surveys.

Recognize the disparities and potential unfairness in market values of jobs.

Identify the ease of use of different survey data sources and the steps in conducting a compensation survey.

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Definitions:

Language Processes

Cognitive activities involved in the comprehension, use, and production of language, including listening, speaking, reading, and writing.

Cognitive Processes

Mental activities involved in acquiring, storing, retrieving, and using information, including perception, memory, reasoning, and language.

Memory And Attention

The interrelated cognitive processes where memory refers to the storage and retrieval of information and attention determines what information moves into focus.