A SysTrust Engagement Is Conducted Under Which of the Following

question 4

Multiple Choice

A SysTrust engagement is conducted under which of the following sets of standards?

• A) AICPA.
• B) Review.
• C) Attestation.
• D) Audit.

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Definitions:

Cash Received

Money that a business or individual takes in, often measured over a period to assess cash flow.

Customers on Account

Refers to the sales made by a business where the payment is to be received at a later date, recorded as accounts receivable.

Cash Account Balance

The amount of money that is available in a company's or individual's cash account at any given time.

Cash Payments

Disbursements of money to fulfill liabilities or acquire goods and services.