What is meant by the test data approach, Auditing

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What is meant by the test data approach

Response to the following questions:

1. Explain what is meant by the test data approach. What are the major difficulties with using this approach? Define parallel simulation with audit software and provide an example of how it can be used to test a client's payroll system.

2. Describe risks that are associated with purchasing software to be installed on desktop computer hard drives. What precautions can clients take to reduce those risks?

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Auditing: What is meant by the test data approach

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Auditing: What is meant by the test data approach

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