Describe the disadvantages of test data processing
What will be an ideal response?
Answer: The auditor must spend considerable time developing an understanding of the system and preparing an adequate set of test transactions. Care must be taken to ensure that test data does not affect the company's files and databases. The auditor can reverse the effects of the test transactions or process the transactions in a separate run using a copy of the file or database. However, a separate run removes some of the authenticity obtained from processing test data with regular transactions. Also, since the reversal procedures may reveal the existence and nature of the auditor's test to key personnel, it can be less effective than a concealed test.
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As a defensive climate element, strategy involves which of the following?
A) manipulation, tricks, or a planned script B) judgment, blame, and criticism C) empathy, control, and neutrality D) superiority, evaluation, and certainty
During past years, the Oreo cookie has undergone many changes. It is no longer just a cookie. Oreo cookies now appear in breakfast cereals, ice cream, pie crust, cake mix, frosting, brownies, and granola bars
These are all examples of which type of growth strategy?