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

question 10

Multiple Choice

As part of assessing the risk of material misstatement,the audit team must assess the control risk in the computerized processing system.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.
• 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 in processing transactions.
• D)The type of output that is created as a result of processing transactions through the system.

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Definitions:

Attraction-Similarity Hypothesis

A theory suggesting that people tend to be attracted to others who are similar to themselves in terms of attitudes, values, and beliefs.

Romantic Relationships

Interpersonal relationships characterized by emotional and physical intimacy, typically involving partners who consider each other as significant others.

Reproductive Advantages

Biological or behavioral attributes that increase the likelihood of an individual's genes being passed on to successive generations.

Passion

A strong and barely controllable emotion or enthusiasm for something.