The Information Systems Audit Specialist on Your Audit Team Has

question 130

Multiple Choice

The information systems audit specialist on your audit team has indicated that the general controls over program changes are excellent for all application cycles. What impact does this have on your audit of sales invoice processing?

• A) Generalized audit software should be used to select a sample of sales transactions for control testing.
• B) Tests of controls should be omitted; only substantive tests may be conducted.
• C) There could be problems with the accuracy of calculations for sales taxes and goods and excise taxes.
• D) The auditor can place reliance on the program's performance of sales calculations.

---

Definitions:

Total Benefits

The complete range of advantages or improvements gained from a product or service, often assessed in economic terms.

Total Costs

Total Costs refer to the complete sum of all expenses incurred by a company in producing and selling goods or services, including both fixed and variable costs.

Limited

Refers to a finite amount or scope, often used in the context of resources, capabilities, or availability.

Bundled Choices

A rephrased definition would be: Marketing strategy where products or services are sold together as a single package, often at a discount, to encourage sales.