Many auditors use a generalized audit software to assist them in examining the clients' computer records....
Many auditors use a generalized audit software to assist them in examining the clients' computer records.
a-. Describe what is meant by generalized audit software.
b. List two advantages of using generalized audit software.
c. List three functions that can be performed with this type of
software.
Homework Answers
1.Generalised audit software refers to the software used to perform routine audit procedures.Generalized audit software (GAS) refers to software designed to read, process and write data with the help of functions performing specific audit routines and with self-made macros.
2.Adavntages of generalised audit software:
-It reduces human error
-One can modify ideas, thus save time
3.Functions performed through generalised audit software:
-Importing computerized data; thereafter other functions can be applied
- the data can be e.g. browsed, sorted, summarized, stratified, analyzed, taken samples from, and made calculations, conversions and other operations with
-GAS software is designed to examine financial information for quality, completeness, correctness and consistency..
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Please help assist:
View the attached pictures with the lecture on additional
disclosures from auditors.
Analyze (in fewer than 150 words) these mandatory additional
disclosures.
You can take the perspective of the investor, auditor, or the
company.
Logically argue your case.
Please Search for, and cite, information sources, and those
found in the article. Whenever you can, give real-world
examples
to support your commentary.
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