Acct332 GDB3 - 30th May 2011 Module 2 Group 1 GDB 2...

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30th May 2011 Module 2, Group 1, GDB 2 Question 5 RE: Computers and technology have changed the way we do business. How has the auditing of a company become more difficult, and how has auditing become less difficult for businesses that operate solely through the computer? We all live in the technology age. One cannot get away from technology. Technology has invaded most of everyone’s daily life for example; there are electric toothbrushes, electric mops, and devices to remind individual’s information. So to businesses, for the most part, have jumped on the band wagon on technology to protect their companies Auditing a company is a daunting task for any auditor. It becomes even more of a complicated task when the company being audited is not computerized. The auditor must then pour over mounds of documents. Many documents could be missing or misplaced. When the documents are then examined, it might not be clear who signed or authorized payment, order, or receivable. Internal controls might not be as tight as with a computer system. I would imagine
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