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AICPA CPA-Auditing Exam - Topic 1 Question 83 Discussion

Posted by Lashaunda on Mar 18, 2024 at 12:01 PM

The two requirements crucial to achieving audit efficiency and effectiveness with a microcomputer are selecting:

Suggested Answer: A

Choice 'a' is correct. In microcomputer audit applications, efficient and effective system usage requires:

(1) identification of the appropriate audit tasks and

(2) appropriate software to perform the selected audit tasks.

Choice 'b' is incorrect. Although microcomputer access to client data is desirable, it is not required.

Choice 'c' is incorrect. Although microcomputer access to client data is desirable, it is not required. Also, microcomputer audit applications need not be applicable to several clients to be efficient and effective.

Choice 'd' is incorrect. Microcomputer audit applications need not be applicable to several clients to be efficient and effective.


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27 comments · newest first
AN
Anissa 10 months ago
A is the standard approach for efficiency in audits.
PE
Percy 11 months ago
Wait, how can you be sure about D? Seems too broad.
LI
Lisbeth 11 months ago
C seems off, why would you limit to one industry?
SE
Serita 11 months ago
I think B makes more sense, access to client data is key!
JE
Jeanice 11 months ago
Definitely A, you need the right tasks and software.
JO
Joanna 12 months ago
I lean towards option D because it mentions audit procedures for multiple clients, which could enhance efficiency. But I need to double-check my notes on this.
DE
Denae 12 months ago
I feel like option C could be relevant too, especially if the audit procedures are tailored for specific industries. But I’m not confident about that.
BR
Britt 12 months ago
I remember a practice question that emphasized the importance of accessing client data. So, maybe option B is also a strong contender?
DE
Deandrea 1 year ago
I think option A makes the most sense since selecting the right tasks and software seems crucial for efficiency. But I'm not entirely sure.
SO
Sonia 1 year ago
The question is asking about the two most crucial requirements, so I need to focus on that. I think option A covers the key elements - selecting the right audit tasks and software. That seems like the best approach to ensure efficiency and effectiveness.
TR
Troy 1 year ago
This is a tricky one. I'm not entirely confident in my understanding of the requirements for audit efficiency and effectiveness with a microcomputer. I might have to make an educated guess on this one.
DA
Danica 1 year ago
Okay, I think I've got it. The key is selecting the appropriate audit tasks for microcomputer applications and the software to perform those tasks. That makes the most sense to me in terms of achieving efficiency and effectiveness. I'll go with option A.
FA
Fannie 1 year ago
Hmm, I'm a bit unsure about this one. The options seem to cover a lot of different factors, and I'm not sure which two are the most crucial. Maybe I should re-read the question and options carefully before deciding.
GR
Graciela 1 year ago
This seems like a straightforward question about the key requirements for achieving audit efficiency and effectiveness with a microcomputer. I think I'll go with option A - selecting the appropriate audit tasks and software.
SE
Selma 1 year ago
This question seems straightforward, but I want to make sure I understand all the potential issues that could arise from the group migration.
TA
Tamie 1 year ago
Option A sounds promising, but I'm not sure if using flex fields alone will be enough to display the data in the inbox task list. I'll need to double-check the requirements.
JA
Jaime 2 years ago
That makes sense, it helps streamline the audit process for similar clients.
GE
Gertude 2 years ago
I think it's also important to have audit procedures that are generally applicable to multiple clients in a specific industry.
LE
Leigha 2 years ago
Yes, having access to client data is important for a comprehensive audit process.
SH
Shawnna 2 years ago
But we also need client data that can be accessed by our microcomputer, right?
JA
Jaime 2 years ago
I agree, having the appropriate software is crucial for performing the selected audit tasks efficiently.
LE
Leigha 2 years ago
I think the key to audit efficiency and effectiveness with a microcomputer is selecting the right audit tasks and software.
UN
Una 2 years ago
I think D is the correct answer, as it covers both audit procedures and appropriate tasks for microcomputers.
VI
Virgie 2 years ago
Yes, having client data that can be accessed easily is important for a smooth audit process.
GO
Goldie 2 years ago
I believe having access to client data is also crucial for audit efficiency.
IS
Isaiah 2 years ago
I agree, but we also need the right software to perform those tasks efficiently.
VI
Virgie 2 years ago
I think the key is selecting the appropriate audit tasks for microcomputer applications.
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