Continuous Assurance (Continuous Auditing) Will Lead To

question 88

Multiple Choice

Continuous assurance (continuous auditing) will lead to:

• A) fewer financial statement audits
• B) use of audit modules embedded in ERP systems
• C) convergence of GAAP and IFRS
• D) All of the above

---

Definitions:

Unconscious

According to Freud, an area of the psyche where memories, wishes, and needs are stored and where conflicts among the id, ego, and superego are played out.

Conscious

Refers to mental contents and processes of which we are actively aware.

Generalized Anxiety Disorder

A mental health condition marked by persistent and excessive worry about various aspects of daily life, not limited to one specific event or situation.

Uncontrolled Worry

Excessive and uncontrollable anxiety and concern about events or activities, often characteristic of generalized anxiety disorder.