Big Bank Had a Program Failure Occur on Sunday Night

question 46

Multiple Choice

Big Bank had a program failure occur on Sunday night due to a maintenance program error.Transaction posting was interrupted,with several errors occurring in posting to the master files.Although sales had been posted to the general ledger,individual accounts were not recorded until subsequent days.The general transaction-related audit objective affected by this activity is

• A)timing.
• B)accuracy.
• C)occurrence.
• D)classification.

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Definitions:

Probability

A measure of the likelihood of a particular event or outcome occurring, expressed as a number between 0 and 1.

Calls Received

The total number of incoming calls handled by a system, service center, or individual within a specific timeframe.

Lightning Strikes

Electrical discharges caused by imbalances between storm clouds and the ground, or within the clouds themselves.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space, assuming that these events occur with a known constant mean rate and independently of the time since the last event.