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What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation Answer

What are the advantages and disadvantages of the computer-assisted audit technique known as parallel simulation?

The advantages of using parallel simulation is the tests can be run independently. The sample size is not costly to expand and real data is used so it allows verification to source documents.

The disadvantage could be the client’s software out preforms the auditor’s software or the auditors needs to be trained to understand the clients programs.

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