Test Data – NBC Institute

AAA – Nov 2016 – L3 – Q4a – Audit of IT Systems and Data Analytics

Evaluate the advantages and disadvantages of test data and audit software for compliance and substantive testing.

Question

You have been appointed as the Auditor of a company whose accounting transactions are processed using a computer. You have decided to use Computer-Assisted Audit Techniques (CAATs) to generate evidence for the audit assignment.

Required:
i. State FOUR advantages and THREE disadvantages of using test data in compliance testing of application controls. (7 Marks)
ii. List FOUR activities for which audit software may be used to perform substantive tests by the auditor. (4 Marks)
iii. List TWO advantages and TWO disadvantages of the use of audit software. (4 Marks)

Answer

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Tags: Application Controls, Audit Software, CAATs, Compliance Testing, Substantive Testing, Test Data
Level: Level 3

Topic: Audit of IT Systems and Data Analytics

AA – Nov 2016 – L2 – Q2b – Audit and Assurance Evidence

Define audit software and test data, and explain the advantages of CAATs.

Question

Computer-Assisted Audit Techniques (CAATs) are the use of computers for audit work and comprise mainly audit software and test data.

Required:
Explain the terms ‘audit software’ and ‘test data’ and list the advantages of using CAATs in an audit.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Software, CAATs, Test Data
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2016

AAA – Nov 2016 – L3 – Q4a – Audit of IT Systems and Data Analytics

Evaluate the advantages and disadvantages of test data and audit software for compliance and substantive testing.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Application Controls, Audit Software, CAATs, Compliance Testing, Substantive Testing, Test Data
Level: Level 3

Topic: Audit of IT Systems and Data Analytics

AA – Nov 2016 – L2 – Q2b – Audit and Assurance Evidence

Define audit software and test data, and explain the advantages of CAATs.

Question

Computer-Assisted Audit Techniques (CAATs) are the use of computers for audit work and comprise mainly audit software and test data.

Required:
Explain the terms ‘audit software’ and ‘test data’ and list the advantages of using CAATs in an audit.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Software, CAATs, Test Data
Level: Level 2

Topic: Audit and Assurance Evidence
Series: NOV 2016

Question Tag: Test Data

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AAA – Nov 2016 – L3 – Q4a – Audit of IT Systems and Data Analytics

Evaluate the advantages and disadvantages of test data and audit software for compliance and substantive testing.

AA – Nov 2016 – L2 – Q2b – Audit and Assurance Evidence

Define audit software and test data, and explain the advantages of CAATs.

AAA – Nov 2016 – L3 – Q4a – Audit of IT Systems and Data Analytics

Evaluate the advantages and disadvantages of test data and audit software for compliance and substantive testing.

AA – Nov 2016 – L2 – Q2b – Audit and Assurance Evidence

Define audit software and test data, and explain the advantages of CAATs.

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AAA – Nov 2016 – L3 – Q4a – Audit of IT Systems and Data Analytics

Evaluate the advantages and disadvantages of test data and audit software for compliance and substantive testing.

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AA – Nov 2016 – L2 – Q2b – Audit and Assurance Evidence

Define audit software and test data, and explain the advantages of CAATs.

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AAA – Nov 2016 – L3 – Q4a – Audit of IT Systems and Data Analytics

Evaluate the advantages and disadvantages of test data and audit software for compliance and substantive testing.

You're reporting an error for "AAA – Nov 2016 – L3 – Q4a – Audit of IT Systems and Data Analytics"

AA – Nov 2016 – L2 – Q2b – Audit and Assurance Evidence

Define audit software and test data, and explain the advantages of CAATs.

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