Where a Significant Amount of Evidence Is in Electronic Form

question 80

Multiple Choice

Where a significant amount of evidence is in electronic form:

• A) audit risk decreases.
• B) acceptable assurance usually increases.
• C) it may not be possible to reduce detection risk to an acceptable level by performing only substantive tests.
• D) it is usually impractical to evaluate controls.

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Definitions:

Mnemonic Devices

Tools that help people remember information through patterns such as a sequence of letters or associations.

FOIL Method

A method used in algebra to multiply two binomials, where FOIL stands for First, Outside, Inside, Last.

Binomials

Pairs of words or terms, often connected by a conjunction, that express a single idea or entity in mathematics, biology, and language.

Commutes

The act of traveling between one’s home and place of work on a regular basis, which can impact one’s work-life balance and daily schedule.