Table look-ups
Used to ensure that input data agree with predetermined criteria stored
in a table.
Telecommunications
Electronic communications by special devices over distances or around
devices that preclude direct interpersonal exchange.
Teleprocessing
Using telecommunications facilities for handling and processing of
computerized information.
Terrorism
Terrorist activities are illegal and involve the use of coercion including
the use of force, intended to intimidate or coerce, and committed
in support of political or social objectives.
Test
A sample from a population to estimate characteristics of
the population.
Test count
As part of inventory audit procedures auditor normally observe
the client's employees counting physical inventory. A test count is
inventory counted by the auditors to check the client's count.
Test data
Data that is run through a computer program to test the software.
Test data can be used to test compliance with controls in the software.
Test of controls
Auditors evaluate the design of controls, then determine if the controls
are in operation. In order to rely on the controls they must also
obtain evidence as to whether the controls are operating effectively
(tests of the operating effectiveness of internal controls).
Test of details
Direct tests of financial statement balances (substantive audit procedures)
that are not analytical procedures. If tests of details are performed
as tests of controls as well as substantive tests they are "dual-purpose"
tests.
Test programs
Programs that are tested and evaluated before approval into the production
environment. Test programs, through a series of change control moves,
migrate from the test environment to the production environment and
become production programs.
Theft
Stealing or taking College property for an individual’s own
and personal use. It is the fraudulent appropriation of property by
an individual to whom it has been entrusted.
Third-party review
An independent audit of the control structure of a service organization,
such as a service bureau, with the objective of providing assurances
to the users of the service organization that the internal control
structure is adequate, effective and sound.
Threat
A declaration of an intention or a determination to inflict harm on
another in response to an individual taking or refusing to take action.
Tick marks
Marks in audit work papers that are footnotes represented
by a symbol instead of by a number. They indicate procedures that
have been carried out on specific items in the work papers.
Time abuse
Improper and/or excessive use of College work time for personal
business, interest, advantage, or gain.
Token
A device that is used to authenticate a user, typically in addition
to a username and password. It is usually a credit card-sized device
that displays a pseudo random number that changes every few minutes.
Trace
Follow a transaction through the steps of the system.
Transaction
Business events or information grouped together because they have
a single or similar purpose. Typically, a transaction is applied to
a calculation or event that then results in the updating of a holding
or master file.
Transaction log
A manual or automated log of all updates to data files and databases.
Treasurer
The officer who controls the entity's funds. The treasurer
normally signs checks and is responsible for cash management.
Trial balance
A statement of open debit and credit accounts in a ledger
to test their equality.
Trust
Generally, the assumption that an entity will behave substantially
as expected. Trust may apply only for a specific function. The key
role of this term in an authentication framework is to describe the
relationship between an authenticating entity and a certificate authority
(CA). An authenticating entity must be certain that it can trust the
CA to create only valid and reliable certificates, and users of those
certificates rely upon the authenticating entity's determination of
trust.
Trusted processes
Processes certified as supporting a goal.
Turnover
Inventory turnover is a measure of the time from receipt
of inventory to its sale. It is found by dividing cost of sales by
average inventory. Receivables turnover is a measure of the time it
takes to collect receivables. It is found by dividing net credit sales
by average net receivables. Employee turnover is the rate at which
new employees replace old employees.
Types of Audits
Financial, compliance, information systems, operational,
administrative internal control reviews, and investigative audits.
