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Presented Below Is a List of Terms Relating to Accounting

Question 126

Matching

Presented below is a list of terms relating to accounting information systems, followed by definitions of those terms.
Match the appropriate term with each definition. Each answer will be used only once.

Premises:

Responses:

Mapping

Modification of programs to collect and store additional data of audit interest

Compliance testing

Computer programs that permit the computer to be used as an auditing tool

Extended records

Special software that is used to monitor the executing of a program

Substantive testing

The first stage of a financial statement audit which has the objective of establishing the degree to which the internal control system can be relied upon

Interim audit

Provides a detailed audit trail of the instructions executed during a program's operation

Snapshot

Modification of programs to output data of audit interest

Parallel simulation

Direct verification of balances contained in financial statements

Audit software

The auditor manually processes test or real data through the logic of a computer program

Desk checking

Testing to confirm the existence, assess the effectiveness, and check the continuity of operation of internal controls

Tracing

The processing of real data through audit programs, with the simulated output and the regular output compared for control purposes

Premises:

Mapping

Compliance testing

Extended records

Substantive testing

Interim audit

Snapshot

Parallel simulation

Audit software

Desk checking

Tracing

Responses:

Modification of programs to collect and store additional data of audit interest

Computer programs that permit the computer to be used as an auditing tool

Special software that is used to monitor the executing of a program

The first stage of a financial statement audit which has the objective of establishing the degree to which the internal control system can be relied upon

Provides a detailed audit trail of the instructions executed during a program's operation

Modification of programs to output data of audit interest

Direct verification of balances contained in financial statements

The auditor manually processes test or real data through the logic of a computer program

Testing to confirm the existence, assess the effectiveness, and check the continuity of operation of internal controls

The processing of real data through audit programs, with the simulated output and the regular output compared for control purposes

Correct Answer:

Premises:

Responses:

Mapping

Compliance testing

Extended records