State Whether Each of the Following Statements Is Correct or Incorrect

question 52

Short Answer

State whether each of the following statements is correct or incorrect.
A. Specialists with specialized skills in IT processing are seldom used on audits since each audit team member is expected to have the necessary skills.
B. The nature of the IT-based system may affect the specific procedures employed by the auditors in testing the controls.
C. Computer assisted audit techniques, while helpful for tests of controls, are seldom helpful for substantive procedures.
D. Parallel simulation involves the use of audit software to process functions essentially equivalent to those of the client's program and to determine whether auditor and client results are equivalent.

---

Definitions:

Automations

The technology by which a process or procedure is performed with minimal human assistance, often improving efficiency and accuracy.

Equipment-based Service

A type of service that heavily relies on physical devices or machines to deliver value to customers.

Lawn Care

The practice of maintaining and taking care of gardens, especially grassy areas, through activities such as mowing, fertilization, and weed control.

Dry Cleaners

Businesses specializing in cleaning clothes and textiles using a chemical solvent rather than water, often for materials that cannot withstand the conventional laundering process.