As part of assessing the risk of material misstatement,the audit team must assess the control risk in the computerized processing system.Initially,the audit team must identify the overall processing scope of the system(s),which would include each of the following considerations except
A)The types of transactions that are processed through the system.
B)The specific control procedures that have been implemented by the client to prevent or detect misstatements that could occur based on the audit team's analysis.
C)The programs and files that are accessed by the system in processing transactions.
D)The type of output that is created as a result of processing transactions through the system.

Question

Quizplus · Accepted Answer

All of the other options listed are considerations that the audit team must take into account when identifying the overall processing scope of the computerized processing system. Option B is incorrect because it pertains specifically to the control procedures that the client has implemented, rather than the processing scope of the system. However, while B is not part of the processing scope, it is still an important consideration for assessing control risk.

As Part of Assessing the Risk of Material Misstatement,the Audit