Final answer:
A client's computer exception reporting system improves audit efficiency by automatically identifying unusual transactions, allowing auditors to concentrate on high-risk areas and improve audit quality by providing real-time alerts.
Step-by-step explanation:
The client's computer exception reporting system aids an auditor in conducting a more efficient audit because it automatically identifies and reports transactions or events that fall outside of a predefined set of rules or parameters. This allows auditors to focus on significant areas of risk and potential error, rather than sifting through all transactions manually. By prioritizing areas that might require more attention, auditors can utilize their time more effectively and potentially reduce the scope of the audit. Moreover, an exception reporting system can improve the overall quality of the audit by providing real-time alerts for anomalies that might indicate errors, fraud, or inefficiencies in the system. This proactive approach can lead to quicker resolution of issues, thus making the audit process more dynamic and responsive to the operational realities of the business.