The Auditor May Identify Some Risks That Cannot Be Effectively

question 14

Multiple Choice

The auditor may identify some risks that cannot be effectively tested by substantive tests alone. For example, when there are paperless transactions (perhaps using EDI - electronic data interchange) . To address these risks, the auditor is required to

• A) assess the design effectiveness of relevant controls and test them.
• B) obtain an understanding of the controls and test them if reliance is intended.
• C) obtain an understanding of the controls and assess their design effectiveness.
• D) test the controls that address the paperless aspects of the transactions.

Comprehend the process and benefits of adding, aligning, and formatting controls on Access forms to improve usability.

Recognize how data linking and external data connections, such as linking and importing external files, impact Access database management.

Grasp the strategies for organizing and navigating objects within the Navigation Pane to streamline database management.

Understand the concept of subforms and their role in displaying related records, enhancing form functionality.

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Definitions:

High Paying Jobs

Occupations that offer a salary significantly above the average, providing financial security and often requiring specialized skills or education.

Education

The systematic process of facilitating learning, acquiring knowledge, skills, values, and attitudes through instructional methods and resources.

Personal Satisfaction

A state of contentment and fulfillment that an individual experiences when their desires, expectations, or needs are effectively met.

Family and Medical Leave Act

A United States labor law that provides employees with unpaid, job-protected leave for medical and family reasons, ensuring the stability and economic security of families.