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TEST BANK and SOLUTION MANUAL for Advanced Accounting, 5th Edition by Robert F. Hopkins; Patrick E. Halsey ISBN 13: 978-1618534323
- Exam (elaborations) • 20 pages • 2024
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1. What is the purpose of an IT audit? 
Response: The purpose of an IT audit is to provide an independent assessment of some 
technology- or systems-related object, such as proper IT implementation, or controls over 
computer resources. Because most modern accounting information systems use IT, IT 
plays a significant role in a financial (external audit), where the purpose is to determine the 
fairness and accuracy of the financial statements. 
2. Discuss the concept of independence within the c...
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