Audit Trails in Computerized Systems Are Comprised of Two Types

question 23

True/False

Audit trails in computerized systems are comprised of two types of audit logs: detailed logs of individual keystrokes and event-oriented logs.

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Definitions:

Unknown Start-up

A newly founded company with an innovative business model or product that has not yet established a track record or gained widespread recognition.

Mental Accounting

A concept in behavioral economics where individuals categorize, monitor, and evaluate their financial activities distinctly, affecting their economic decisions and behavior.

Updating Beliefs

The process of revising one's beliefs or opinions in light of new evidence or information, fundamental in Bayesian inference and decision-making processes.

Conservatism

A principle in accounting that recommends erring on the side of caution and underestimating rather than overestimating profits and values.