In IT Systems, If General Controls Are Effective, It Increases

question 83

True/False

In IT systems, if general controls are effective, it increases the auditor's ability to rely on application controls to reduce control risk.

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Definitions:

Economic Activity

The total amount of production, distribution, and consumption of goods and services in an economy.

Standard Deviation

A statistical measure of the dispersion of a set of data from its mean, often used to quantify the risk of a financial instrument.

Variance

A measure of how much a set of numbers differ from their average value.

Dispersion

A statistical measure that describes the spread of values around the mean or average, indicating variability within a data set.