An audit testing strategy that can be used to allow evidence obtained in prior audit periods to support a conclusion about IT application controls in the current audit period is known as _______.
A)statistical benchmarking
B)benchmarking
C)nonstatistical sampling
D)prior period inference

Question

Quizplus · Accepted Answer

Benchmarking is a strategy where auditors compare current audit evidence against a standard or benchmark established in prior audits. If the IT application controls have not changed and the prior period's controls were deemed effective, this comparison can support conclusions in the current period without the need for extensive retesting.

An Audit Testing Strategy That Can Be Used to Allow