September 2016 Exam

Hi sir for September 2016 exam question 18b), for the audit risk stating

“A new general ledger system was introduced in May 20X6 and the old and new systems were run in parallel until August 20X6. There is a risk of the balances in May being misstated and loss of data if they have not been transferred from the old system completely and accurately. If this is not done, this could result in the auditor not identifying a significant control risk. In addition, the new general ledger system will require documenting and the controls over this will need to be tested”

for the auditor’s response with regards to this audit risk, my answers are slightly different. My answers are as follows,

“Discuss with management the transfer process undertaken and any controls put in place to ensure the completeness and accuracy of the data. Where possible, undertake tests of controls to confirm the effectiveness of the transfer controls. In addition, perform substantive testing on the transfer of information from the old to the new system.

The auditor should document and test the new system. They should review any management reports run comparing the old and new system during the parallel run to identify any issues with the processing of accounting information”

Will my answers be accepted?