Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Accounting Basics Expert

Accounting


Home >> Accounting Basics

Problem

Operational Datebase versus Data Warehouse

You are an independent auditor attending an engagement interview with a client. The client's organization has recently implemented a data warehouse. Management is concerned that the audit tests that you perform will disrupt operations. Management suggests that instead of running test against the live operational database, you draw the data for your analytical reviews and substantive tests of details from the data warehouse.

Management points out that operational data are copied weekly into the data warehouse and everything you need will be contained there. This will enable you to perform your tests without disrupting routine operations. You agree to give this some thought and get back to the client with your answer.

Problems

What concerns might you have about management's suggestion?

What would be your response to the client? Explain your decision.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M92771818

Have any Question?


Related Questions in Accounting Basics

Question - stockman corp purchased 10 1000 6 bonds of

Question - Stockman Corp. purchased 10, $ 1,000 6% bonds of Energy Corporation when the market rate of interest was 14%. Interest is paid semiannually on the bonds, and the bonds will mature in six years. Using the PV fu ...

Question - daniels adjusted gross income is 90000 during

Question - Daniel's adjusted gross income is $90,000. During the year he incurred $18,000 of medical expenses and was reimbursed for $3,000 of these expenses. What is his allowable medical expense deduction if he is age ...

Assignment - fraud prevention and detection planyou went

Assignment - Fraud Prevention and Detection Plan You went back to your corporate controllership position with Dingwow Inc. Senior Management has assigned you as the team lead to develop a fraud prevention and detection p ...

Question - alison ltd after negotiations with darley ltd

Question - Alison Ltd, after negotiations with Darley Ltd, acquired all the assets (except Cash at Bank and Shares in Alison Ltd) and all liabilities of Darley Ltd. Alison Ltd issued 300,000 fully paid $1 shares and paid ...

Fundamentals of value creation in business assignment -

FUNDAMENTALS OF VALUE CREATION IN BUSINESS ASSIGNMENT - ACCOUNTING Requirements - 1. The following is a list of companies from the latest ASX. These companies are carefully chosen to suit this project and the learning ou ...

Accounting fundamentals assignment -financial statement

Accounting Fundamentals Assignment - Financial Statement Analysis - This assignment involves analysing the financial statements and other information relating to a number of Australian public companies. These companies a ...

Question - the adjusted trial balance of cheyenne company

Question - The adjusted trial balance of Cheyenne Company shows the following data pertaining to sales at the end of its fiscal year, October 31, 2017: Sales Revenue $752,300, Delivery Expense $13,020, Sales Returns and ...

Question - assume andersons general store bought on credit

Question - Assume Andersons general store bought on credit, a truckload of merchandise from American wholesaling costing $24,500. If Anderson paid National Trucking $800 cash for transportation, immediately returned good ...

Question - following are the transactions for abc computer

Question - Following are the transactions for ABC Computer Service's first month of business, September 2018: Sept 1 The owner invested $10,000 into the business in exchange for common stock. Sept 4 Purchased equipment f ...

Assignment 1 personal assessment of strengthsto prepare for

Assignment 1: Personal Assessment of Strengths To prepare for this assignment, make sure to complete the Strengths Finder quiz located in the back of your book. This will take approximately 30 to 45 minutes. Click here f ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved