Which of the Following Best Describes How the Increased Use

question 145

Multiple Choice

Which of the following best describes how the increased use of computerization may impact an auditor's assessment of the risk of fraud?

• A) Access to assets may be available to information systems personnel as well as to computer users.
• B) Computer controls are generally less effective than human review.
• C) Overrides of key controls may require less collaboration.
• D) Audit trails are less effective.

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Definitions:

Short Run

The period of time during which at least one input, such as plant size, is fixed and cannot be changed.

Long Run

A period in economics where all factors of production and costs are variable, allowing companies to adjust all inputs and operations to market demands.

Fixed Resource

A resource or asset in production whose quantity cannot easily be increased or decreased in the short term.

Short Run

in economics, refers to a period during which at least one input, such as plant size, is fixed and cannot be changed.