As Part of Assessing the Risk of Material Misstatement,the Audit

question 89

Multiple Choice

As part of assessing the risk of material misstatement,the audit team must assess the control risk in the computerized processing system(s) .Initially,the audit team must identify the overall processing scope of the system(s) ,which would include each of the following considerations except

• A) The types of transactions that are processed through the system(s).
• B) The specific control procedures that have been implemented by the client to prevent or detect misstatements that could occur based on the audit team's analysis.
• C) The programs and files that are accessed by the system(s) in processing transactions.
• D) The type of output that is created as a result of processing transactions through the system(s).

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Definitions:

Positive Thinking

A mental attitude focusing on the bright side of life and expecting positive results.

Cognitive Theories

Psychological theories emphasizing mental processes such as perception, memory, and problem-solving as sources of understanding behavior and mental state.

Negative Thinking

A cognitive process characterized by pessimistic attitudes and expectations about oneself or the world.

Hopeless Style

An individual's tendency to perceive negative events as unavoidable and unchangeable, leading to feelings of despair.