Audit Techniques

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

Question

CAATs

The availability of Computer Assisted Audit Techniques (CAATs) should be considered by auditors when planning the nature, extent, and timing of tests in an audit. Auditors must determine their testing strategies which will depend on their choice of either using a manual testing method or a computer-assisted method.

Required:

(a) Explain FIVE factors that will determine auditors’ choice of method of testing in the planning of an audit in a computer environment. (10 Marks)

(b) Identify FIVE solutions to loss of audit trail. (5 Marks)

Answer

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Tags: AATs, Audit Planning, Audit Techniques, Audit trail, Data Analytics, IT Systems, Risk Management, Testing Methods
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2014

AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing

Explores the components of forensic accounting, including investigative aspects.

Question

Forensic accounting encompasses both …………… and investigative accounting.

Answer

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Tags: Audit Techniques, Forensic Accounting, Fraud Detection, Investigative Accounting
Level: Level 3

Topic: Forensic Auditing
Series: NOV 2013

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

Question

Which of the following is an analytical procedure generally used to produce audit evidence?
A. Confirmations mailed directly to the auditor by the client’s customers
B. Physical observation of inventories
C. Relationship among current financial balances and prior balances, forecasts, and non-financial data
D. Detailed examination of external and internal documents
E. Circularisation letters to debtors and creditors of the company

Answer

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Tags: Analytical procedures, Audit evidence, Audit Techniques
Level: Level 3

Topic: Advanced Audit Planning and Strategy
Series: NOV 2012

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

Question

Which ONE of the following is NOT an example of Computer Assisted Audit Technique?

A. Read only memory
B. System control and review file
C. Integrated test facilities
D. Snapshot
E. Mapping

Answer

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Tags: Audit Techniques, Audit Tools, CAATs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

Question

The audit process has evolved from vouching and systems-based audits to risk-based auditing.

Required:

a. Give brief descriptions of each of the three types of audit stated above. (9 Marks)

b. State the instances where vouching and systems audits are still applicable. (6 Marks)

Answer

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Tags: Audit Process, Audit Techniques, Risk-Based, Systems-Based, Vouching
Level: Level 2

Topic: Emerging Trends in Auditing

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

Question

ISA 520 Analytical Procedures provides guidance to auditors on the use of analytical procedures during the course of the external audit.

Required:
When using analytical procedures as substantive audit procedures, list and briefly explain with examples three factors to consider when determining the extent of reliance that can be placed on the results of such procedures.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit evidence, Audit Techniques, Financial Statements
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

Question

CAATs

Required:

(a) Explain FIVE factors that will determine auditors’ choice of method of testing in the planning of an audit in a computer environment. (10 Marks)

(b) Identify FIVE solutions to loss of audit trail. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: AATs, Audit Planning, Audit Techniques, Audit trail, Data Analytics, IT Systems, Risk Management, Testing Methods
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2014

AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing

Explores the components of forensic accounting, including investigative aspects.

Question

Forensic accounting encompasses both …………… and investigative accounting.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Techniques, Forensic Accounting, Fraud Detection, Investigative Accounting
Level: Level 3

Topic: Forensic Auditing
Series: NOV 2013

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit evidence, Audit Techniques
Level: Level 3

Topic: Advanced Audit Planning and Strategy
Series: NOV 2012

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

Question

Which ONE of the following is NOT an example of Computer Assisted Audit Technique?

A. Read only memory
B. System control and review file
C. Integrated test facilities
D. Snapshot
E. Mapping

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Techniques, Audit Tools, CAATs, Data Analytics, IT Systems
Level: Level 3

Topic: Audit of IT Systems and Data Analytics
Series: NOV 2011

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

Question

The audit process has evolved from vouching and systems-based audits to risk-based auditing.

Required:

a. Give brief descriptions of each of the three types of audit stated above. (9 Marks)

b. State the instances where vouching and systems audits are still applicable. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Process, Audit Techniques, Risk-Based, Systems-Based, Vouching
Level: Level 2

Topic: Emerging Trends in Auditing

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

Question

ISA 520 Analytical Procedures provides guidance to auditors on the use of analytical procedures during the course of the external audit.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Analytical procedures, Audit evidence, Audit Techniques, Financial Statements
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2017

Question Tag: Audit Techniques

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AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing

Explores the components of forensic accounting, including investigative aspects.

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing

Explores the components of forensic accounting, including investigative aspects.

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

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Question Tag: Audit Techniques

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AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

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AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing

Explores the components of forensic accounting, including investigative aspects.

You're reporting an error for "AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing"

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy"

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics"

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

You're reporting an error for "AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing"

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

You're reporting an error for "AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence"

AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics

Evaluates factors influencing the use of CAATs in audit planning and identifies solutions to address audit trail loss.

You're reporting an error for "AAA – Nov 2014 – L3 – SC – Q7 – Audit of IT Systems and Data Analytics"

AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing

Explores the components of forensic accounting, including investigative aspects.

You're reporting an error for "AAA – Nov 2013 – L3 – AII -Q8 – Forensic Auditing"

AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy

This question tests knowledge of analytical procedures used to produce audit evidence.

You're reporting an error for "AAA – Nov 2013 – L3 – A – Q11 – Advanced Audit Planning and Strategy"

AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics

Identifies an option that is not a Computer Assisted Audit Technique (CAAT).

You're reporting an error for "AAA – Nov 2011 – L3 – SA – Q16 – Audit of IT Systems and Data Analytics"

AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing

Describe vouching, systems-based, and risk-based audits and discuss where vouching and systems audits are still applicable.

You're reporting an error for "AA – Nov 2014 – L2 – Q7 – Emerging Trends in Auditing"

AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence

List and explain three factors to consider when determining the extent of reliance on analytical procedures as substantive audit evidence.

You're reporting an error for "AA – Nov 2017 – L2 – Q3c – Audit and Assurance Evidence"

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