Many Companies Design Their IT Systems So That All Documents

question 97

Multiple Choice

Many companies design their IT systems so that all documents and reports can be retrieved from the system in readable form.Auditors can then compare the documents used to input the data into the system with reports generated from the system, without needing any extensive knowledge of the computer system or evaluation of computer controls.This process is referred to as:

• A)Auditing through the system
• B)Auditing around the system
• C)Computer-assisted audit techniques
• D)Auditing with the computer

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Definitions:

Stock Portfolio

A collection of stocks owned by an individual or institution, often diversified across various sectors or industries.

Government Bonds

Debt securities issued by a government to finance its expenditures, offering a return in the form of periodic interest payments.

Broad Portfolio

An investment strategy involving a wide range of assets to diversify risk.

Long-Term Investors

Individuals or entities that invest in assets with the expectation of holding them for an extended period.