What is the most relevant use of a knowledge management system for an auditor?

Question

Quizplus · Accepted Answer

A knowledge management system can be used by auditors to share information related to auditing, accounting standards, and risks, allowing them to improve their knowledge and decision-making capabilities. Collaboration and communication among auditors can help to ensure that audits are conducted effectively and efficiently, which is important in maintaining the integrity of financial reporting.

Answer: A is not correct because while a knowledge management system may automate certain procedures, it cannot perform an entire audit automatically without human oversight. Answer B is also incorrect as auditors are required to make independent judgments based on their own professional judgment and integrity. Answer D is not relevant to the use of a knowledge management system, as the system is aimed at managing information and communication related to auditing, rather than the location from which auditors work.

What Is the Most Relevant Use of a Knowledge Management