A primary advantage of using generalized audit software packages to audit the financial statements of an entity that uses an IT system is that the auditor may

Ibrahimhamm

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2022-06-29

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Consider increasing the use of substantive tests of transactions in place of analytical procedures
Substantiate the accuracy of data through self-checking digits and hash totals.
Reduce the level of required tests of controls to a relatively small amount.
Access information stored on computer files while having a limited understanding of the entity’s hardware and software features.

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Ibrahimhamm

2022-06-29

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