During a Change to an Entire IT System,if Conversion Controls

question 58

Multiple Choice

During a change to an entire IT system,if conversion controls are poor or are not documented,the auditor will need to

• A)conduct an implementation audit.
• B)conduct a legacy system audit.
• C)conduct an audit of the new system.
• D)conduct a conversion audit.

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Definitions:

Cartels

Organizations of independent businesses formed to coordinate the production, pricing, and marketing of goods to monopolize the market and restrict competition.

Incentive to Deviate

A situation where a party has a profitable reason to diverge from a prescribed strategy or agreement.

Monopoly Output

The quantity of goods or services produced by a monopolist, characterized by the lack of competition and the ability to control prices.

Colluding Duopoly Firms

Two firms in a duopolistic market condition that agree, often secretly or illegally, to set prices or control the market in a way that disadvantages competitors or exploits consumers.