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AICPA Exam CPA-Auditing Topic 1 Question 85 Discussion
Topic #: 1
While observing a client's annual physical inventory, an auditor recorded test counts for several items and noticed that certain test counts were higher than the recorded quantities in the client's perpetual records.
This situation could be the result of the client's failure to record:
Choice 'a' is correct. In microcomputer audit applications, efficient and effective system usage requires:
(1) identification of the appropriate audit tasks and
(2) appropriate software to perform the selected audit tasks.
Choice 'b' is incorrect. Although microcomputer access to client data is desirable, it is not required.
Choice 'c' is incorrect. Although microcomputer access to client data is desirable, it is not required. Also, microcomputer audit applications need not be applicable to several clients to be efficient and effective.
Choice 'd' is incorrect. Microcomputer audit applications need not be applicable to several clients to be efficient and effective.
Shizue
5 days ago