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Presented Below Is a List of Terms Relating to Accounting

Question 125

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:
Audit program
System control audit review file
Auditing around-the-computer
In-line code
Financial statement audit
Control flowcharting
Test data
Embedded audit routines
Sample audit review file
PC software
Responses:
The second stage of a financial statement audit which uses substantive testing for direct verification of financial statement figures
Software that allows the auditor to use PCs to perform audit tasks
Information systems auditing approach in which the processing portion of a computer system is ignored
A detailed list of the procedures to be applied on a particular audit
Analytic documentation or other graphic techniques used to describe the controls in a system
The use of in-line code to randomly select transactions for audit analysis
Auditor-prepared input containing both valid and invalid data
Special auditing routines included in regular computer programs so that transaction data can be subjected to audit analysis
An application program performs an embedded audit routine such as data collection at the same time as it processes data for normal use
Auditor-determined programmed edit tests for audit transaction analysis are included in a program as it is initially developed

Correct Answer:

Audit program
System control audit review file
Auditing around-the-computer
In-line code
Financial statement audit
Control flowcharting
Test data
Embedded audit routines
Sample audit review file
PC software
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