Use of Electronic Funds Transfers (Such as Electronic Data Interchange

question 1

Multiple Choice

Use of electronic funds transfers (such as electronic data interchange and online banking) has which of the following effects on the audit risk model?

• A)decreases control risks associated with cash
• B)increases control risks associated with cash
• C)decreases test of control associated with computer programs
• D)increases test of control associated with computer programs

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Definitions:

Bulbar Conjunctiva

A membrane covering the white part of the eyeball (sclera) and lines the inner surfaces of the eyelids.

Anterior Sclera

The front part of the sclera, the white, opaque outer protective covering of the eyeball.

Eyelids

Foldable covers made of skin and muscle that protect the eyes from debris and help in regulating the amount of light entering the eye.

Iris

The colored part of the eye surrounding the pupil, responsible for controlling the size of the pupil and thus the amount of light that enters the eye.