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Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343Auditing & Assurance Services 6th Edition by Timothy Louwers
Edition 6ISBN: 978-0077862343 Exercise 149
When using test data, why are audit teams required to prepare only one transaction to test each IT control?
A) The speed and efficiency of the computer results in reduced sample sizes.
B) The risk of misstatement is typically lower in an IT environment.
C) Audit teams generally perform more extensive substantive testing in an IT environment, resulting in less need to test processing controls.
D) In an IT environment, each transaction is handled in an identical manner.
A) The speed and efficiency of the computer results in reduced sample sizes.
B) The risk of misstatement is typically lower in an IT environment.
C) Audit teams generally perform more extensive substantive testing in an IT environment, resulting in less need to test processing controls.
D) In an IT environment, each transaction is handled in an identical manner.
Explanation
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Verified
When using test data, the audit teams re...
Auditing & Assurance Services 6th Edition by Timothy Louwers
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