1. ‘The impact of innovations and developments in information and communication technology on corporate accounting information systems has removed the need for excessive internal control.’ Discuss.
2. Describe and evaluate the primary role and function of an internal auditor, and explain how and why the role of an internal auditor has changed over recent years.
1. ‘The external auditor is a bloodhound whose sole purpose is the detection of fraud.’ Discuss.
2. Real-time transaction processing systems are now far from unusual.
(a) Explain what additional problems real-time transaction processing systems cause the auditor compared with a batch environment.
(b) Explain what steps the auditor needs to take to solve the problems identified above.
(c) Explain with reasons which CAATs could be used in this real-time environment.