Using embedded audit modules to continuously monitor transactions,collect data on transactions with special audit significance,and store the data to later identify and investigate questionable transactions is an example of
A)integrated test facility.
B)snapshot technique.
C)system control audit review file.
D)audit hooks.

Question

Quizplus · Accepted Answer

The use of embedded audit modules to continuously monitor transactions, collect data on transactions with special audit significance, and store the data for later identification and investigation of questionable transactions is an example of a System Control Audit Review File (SCARF). A SCARF is a file that contains information about critical transactions that auditors can use to track and examine potential fraud or errors. Integrated test facility (A) is a technique used during the testing phase to simulate processing with test data. Snapshot technique (B) refers to taking a copy of the system at a specific point in time to analyze transactions. Audit hooks (D) are software programs that capture information on attempted and successful logins or any changes made to the system's configuration.

Using Embedded Audit Modules to Continuously Monitor Transactions,collect Data on Transactions