Auditing by Testing the Input and Output of an IT

question 18

Multiple Choice

Auditing by testing the input and output of an IT system instead of the computer program itself will:

• A) detect all program errors, regardless of the nature of the output.
• B) not detect program errors which do not show up in the output sampled.
• C) not provide the auditor with confidence in the results of the auditing procedures.
• D) provide the auditor with the same type of evidence.

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Definitions:

Widespread Costs

Expenses that are not confined to a single area or sector but are distributed broadly across multiple areas or throughout society.

Current Costs

Current costs refer to the expenses that a company incurs in its operations during the present time period, often contrasted with historical or fixed costs.

Future Benefits

The expected advantages or returns, typically economic, that are anticipated to be realized in the future.

Economic Theory

A framework of principles and models that explains how economies operate and how economic agents interact.