Continuous Assurance (Continuous Auditing) Is the Process by Which Assurance

question 85

True/False

Continuous assurance (continuous auditing) is the process by which assurance is provided through monitoring of automated controls and business events in real time or near real time.

---

Definitions:

State Governments

The governing bodies of individual states within a federal system, which have powers to make and enforce laws within their jurisdictions under the U.S. Constitution.

Local Governments

Administrative bodies that govern smaller areas within a country, such as cities, towns, or counties, responsible for local services and regulations.

Federal Bureaucracy

A large, complex organization composed of appointed officials within the executive branch, responsible for implementing and administering federal laws and policies.

Organizational Structure

The system that outlines how certain activities are directed in order to achieve the goals of an organization, including rules, roles, and responsibilities.