Matching
Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms.
Match the appropriate term with each definition. Each answer will be used only once.
Premises:
Mapping
Compliance testing
Extended records
Substantive testing
Interim audit
Snapshot
Parallel simulation
Audit software
Desk checking
Tracing
Responses:
Modification of programs to collect and store additional data of audit interest
Computer programs that permit the computer to be used as an auditing tool
Special software that is used to monitor the executing of a program
The first stage of a financial statement audit which has the objective of establishing the degree to which the internal control system can be relied upon
Provides a detailed audit trail of the instructions executed during a program's operation
Modification of programs to output data of audit interest
Direct verification of balances contained in financial statements
The auditor manually processes test or real data through the logic of a computer program
Testing to confirm the existence, assess the effectiveness, and check the continuity of operation of internal controls
The processing of real data through audit programs, with the simulated output and the regular output compared for control purposes
Correct Answer:
Premises:
Responses:
Mapping
Compliance testing
Extended records
Substantive testing
Interim audit
Snapshot
Parallel simulation
Audit software
Desk checking
Tracing
Premises:
Mapping
Compliance testing
Extended records
Substantive testing
Interim audit
Snapshot
Parallel simulation
Audit software
Desk checking
Tracing
Responses:
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