Author Question: There are two methods for correcting errors, the a. ruling method and the manual method. b. ... (Read 131 times)

londonang · **on:** Jul 6, 2018

There are two methods for correcting errors, the
a. ruling method and the manual method.
b. manual method and the correcting entry method.
c. ruling method and the correcting entry method.
d. the ruling method and the deletion method.

Question 2

Which of the following is a limitation of computer-assisted audit tools?

A) These tools cannot replace skilled forensic accountants, but rather allow them to focus their efforts on the highest-risk journal entries.
B) These tools cannot analyze 100 of the data, but rather can choose and analyze samples from the journal entry database.
C) The conclusions arrived at using these tools cannot be supported with substantial quantitative data.
D) The forensic accountant will have to manually review the general ledger even after using these tools.

uniquea123 · **Reply #1 on:** Jul 6, 2018

Answer to Question 1

c

Answer to Question 2

A
Explanation: A) Despite the benefits, computer-assisted audit tools, like any tool, have their limitations. They do not replace skilled forensic accountants, but rather allow them to focus their efforts on the highest-risk journal entries.