Question

In: Accounting

Do you agree with the statement, “The term IT auditor should be considered obsolete because it implies a distinction between ...

Do you agree with the statement, “The term IT auditor should be considered obsolete because it implies a distinction between regular auditors and auditors who examine computerized AIS”? Why or why not?  

Solutions

Expert Solution

Yes and No. Virtually all publicly traded firms have computerized AISs as well as most small- and medium-sized firms. Audits of non-computerized systems are becoming rare. Thus, one may say that virtually all auditors must deal with electronic processing of data. However, certain auditing personnel, known as IT auditors, have special skills, which allow them to focus on the computer “processing.” Thus, distinguishing these auditors from auditors who do not have such skills may still be appropriate.


Thus, distinguishing these auditors from auditors who do not have such skills may still be appropriate.

Related Solutions

"Poor countries are poor because they are poor." Do you agree with this statement? Give at...
"Poor countries are poor because they are poor." Do you agree with this statement? Give at least ten reasons to support your answer.
Do you agree with the following statement: “Whatever the problem at hand, all data should be...
Do you agree with the following statement: “Whatever the problem at hand, all data should be visualised in a pretty way”. Briefly discuss. [DT1] [DT1]Week 11 lecture
1- Mira is unemployed because her skills are considered obsolete and her tasks are performed by...
1- Mira is unemployed because her skills are considered obsolete and her tasks are performed by electronic devices. This type of unemployment is considered _____________ a-structural unemployment b-frictional unemployment. c-cyclical unemployment d-all of the above 2-Mira is looking for a job. She is told that she lacks qualifications to fill the available jobs. What type of unemployment is this called? a-structural unemployment b-frictional unemployment. c-cyclical unemployment d-all of the above 3-Emma just graduated. She is applying for many jobs but...
Do you agree or not agree with this statement made by a finance student? Explain why....
Do you agree or not agree with this statement made by a finance student? Explain why. lf two bonds with the same term to maturity and the same yield have dierent coupon rates, the one with the higher coupon rate will have the higher (longer) duration
Explain whether you agree or disagree with the following statement: ‘Inflation is a bad thing because...
Explain whether you agree or disagree with the following statement: ‘Inflation is a bad thing because it increases the cost of living without increasing income in general in the long run.’
Do you agree with the statement that 'Every manager is an HR manager'?
Please be honest with your answer and make it in a paragraph form.
To what extent do you agree or disagree with the statement that the creation of an...
To what extent do you agree or disagree with the statement that the creation of an organisational structure is the perfect way to bring about harmony in the utilisation of resources in an organisation’’ Subject: Organisational Behavior & Management
Consider this statement, “Auditors should only use professional skepticism when considering fraud risk.” Do you agree...
Consider this statement, “Auditors should only use professional skepticism when considering fraud risk.” Do you agree or disagree with this statement? Support your position.
State if you agree or disagree with this statement and why? Response should be more than...
State if you agree or disagree with this statement and why? Response should be more than a “book report”, and display proof of critical thinking. In public budgeting the two approaches are appropriation and budget. Appropriations are simpler to prepare and understand. It consists of line items and then the cost is associated with every item involved in appropriation. An appropriation must meet the statutory requirements of Illinois. The preparation of Appropriation requires minimum number of resources. On the other...
Do you agree with the statement: “There is only one boss, the customer. And you can...
Do you agree with the statement: “There is only one boss, the customer. And you can fire everyone in the company, from the president down, simply by spending your money elsewhere. -Sam Walton, founder of Wal-Mart How does this thinking apply to your expectations of service? Does he support or refute them? Register your opinion
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT