An auditor examining a firm's accounting information system sets an embedded audit module to record all credit transactions in excess of $1,500 and store the data in an audit log.This is an example collecting audit evidence using
A)an integrated test facility.
B)the snapshot technique.
C)a system control audit review file.
D)audit hooks.
E)continuous and intermittent simulation.

Question

Quizplus · Accepted Answer

A system control audit review file (SCARF) is a technique where specific transactions are recorded and stored for audit purposes, such as the credit transactions exceeding $1,500 in this scenario.

An Auditor Examining a Firm's Accounting Information System Sets an Embedded