Emerging Trends in Auditing

AA – Nov 2023 – L2 – Q5 – Emerging Trends in Auditing

Information system audit steps for a business continuity plan and its importance.

Question

The world-wide COVID-19 pandemic disrupted the operations of Divine Hope Limited, like it did to many other business concerns. Sequel to this, the management of Divine Hope Limited has now commissioned the development of a Contingency or Business Continuity Plan to ensure continuity of operations, even if such a pandemic or similar situation should re-occur.

Required:

a. Explain SIX steps to be taken in the information system audit of a Contingency or Business Continuity Plan.
(9 Marks)

b. Explain why the audit of the Contingency or Business Continuity Plan is very necessary.
(6 Marks)

Answer

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Tags: Audit Steps, Business Continuity, Contingency Plan, Necessity of Audit
Level: Level 2

Topic: Emerging Trends in Auditing

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 – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing

Discuss five emerging technologies that could affect the auditing process and explain their potential impact on the statutory auditor.

Question

Emerging technologies have the potential to affect or disrupt the auditing process.

a. State five emerging technologies that have the potential to affect or disrupt the auditing process. (5 Marks)
b. Explain how these emerging technologies could affect the work of the statutory auditor. (15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditing Disruption, Digital Auditing Tools, Emerging Technologies, Future of Auditing
Level: Level 2

Topic: Emerging Trends in Auditing
Series: MAY 2022

AA – Nov 2023 – L2 – Q5 – Emerging Trends in Auditing

Information system audit steps for a business continuity plan and its importance.

Question

Required:

a. Explain SIX steps to be taken in the information system audit of a Contingency or Business Continuity Plan.
(9 Marks)

b. Explain why the audit of the Contingency or Business Continuity Plan is very necessary.
(6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Audit Steps, Business Continuity, Contingency Plan, Necessity of Audit
Level: Level 2

Topic: Emerging Trends in Auditing

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 – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing

Discuss five emerging technologies that could affect the auditing process and explain their potential impact on the statutory auditor.

Question

Emerging technologies have the potential to affect or disrupt the auditing process.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditing Disruption, Digital Auditing Tools, Emerging Technologies, Future of Auditing
Level: Level 2

Topic: Emerging Trends in Auditing
Series: MAY 2022

Topic: Emerging Trends in Auditing

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AA – Nov 2023 – L2 – Q5 – Emerging Trends in Auditing

Information system audit steps for a business continuity plan and its importance.

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 – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing

Discuss five emerging technologies that could affect the auditing process and explain their potential impact on the statutory auditor.

AA – Nov 2023 – L2 – Q5 – Emerging Trends in Auditing

Information system audit steps for a business continuity plan and its importance.

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 – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing

Discuss five emerging technologies that could affect the auditing process and explain their potential impact on the statutory auditor.

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Topic: Emerging Trends in Auditing

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AA – Nov 2023 – L2 – Q5 – Emerging Trends in Auditing

Information system audit steps for a business continuity plan and its importance.

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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 – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing

Discuss five emerging technologies that could affect the auditing process and explain their potential impact on the statutory auditor.

You're reporting an error for "AA – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing"

AA – Nov 2023 – L2 – Q5 – Emerging Trends in Auditing

Information system audit steps for a business continuity plan and its importance.

You're reporting an error for "AA – Nov 2023 – L2 – Q5 – Emerging Trends in Auditing"

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 – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing

Discuss five emerging technologies that could affect the auditing process and explain their potential impact on the statutory auditor.

You're reporting an error for "AA – May 2022 – L2 – SB – Q4 – Emerging Trends in Auditing"

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