Choose the incorrect statement from the alternative below A. An advantage of auditing around the computer is that the client’s data will not be corrupted by the auditor

Choose the incorrect statement from the alternative below

A. An advantage of auditing around the computer is that the client’s data will not be corrupted by the auditor

B. A disadvantage of auditing through the computer is that audit costs may increase due to the level of investment in technology and expertise required

C. An advantage of auditing around the computer is that computer system can generally handle large volumes of data and transactions, which makes manual testing more effective

D. The main advantage of auditing with the computer is that use is made of the power, speed versatility of the computer, which results in more efficient audit

Expert Solution

The right option is (A)

Explanation:

An advantage of auditing around the computer is that the client‘s data will not be corrupted by the auditor

This is incorrect statement out of the given statement Because Clients data can be corrupted by the auditor and there is always the risk with the data and auditor have full access with the data and it is incorrect that and advantage of auditing around the computer is that the clients that I will not be corrupted by the auditor

Hence, Correct option is A.

Junaid answered 2 years ago

Consider the hypothesis statement shown below using alphaαequals=0.050.05 and the data to the right from two...

Consider the hypothesis statement shown below using alphaαequals=0.050.05 and the data to the right from two independent samples. Upper H 0 : mu 1 minus mu 2 equals 0H0: μ1−μ2=0 Upper H 1 : mu 1 minus mu 2 not equals 0H1: μ1−μ2≠0 a) Calculate the appropriate test statistic and interpret the result. b) Calculate the p-value and interpret the result. x overbarx1 equals= 231231 x overbarx2 equals= 209209 sigmaσ1 equals= 6565 sigmaσ2 equals= 5353 n1 equals= 4444 n2 equals=...

Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From...

Given the selected financial statement data presented below, calculate the Altman Z-score for KRJ Enterprises. From the balance sheet, current assets of $540 million, total assets of $1,454 million, current liabilities of $262 million, total liabilities of $878 million, and total equity of $500 million, which includes retained earnings of $370 million. From the income statement, sales of $1,008 million, operating income (EBIT) of $322 million, and net income of $163 million. The company has 36 million shares of common...

Bargains, Inc. manufactures and markets toys. Selected income statement data from 2010 and 2009 appear below:...

Bargains, Inc. manufactures and markets toys. Selected income statement data from 2010 and 2009 appear below: Bargains, Inc. Selected Income Statement data Fiscal year end 12/31/2010 12/31/2009 (amounts in thousands of dollars) Net sales $5,320,185 $4,980,000 Cost of Goods Sold -3,520,415 -3,340,290 Gross profit 1,799,770 1,639,710 Required: a. An analyst can sometimes estimate the variable cost as a percentage of sales for a particular cost by dividing the amount of the change in the cost item between two years by...

Which statement is NOT true Batch processing a. permits data to be edited in a separate computer run. b. is subject to deadlocks when processing common accounts. c. can use databases and flat files. d. can be initiated from a terminal.

Which statement is NOT true Batch processinga. permits data to be edited in a separate computer run.b. is subject to deadlocks when processing common accounts.c. can use databases and flat files.d. can be initiated from a terminal.

Question