Using Embedded Audit Modules to Continuously Monitor Transactions,collect Data on Transactions

question 71

Multiple Choice

Using embedded audit modules to continuously monitor transactions,collect data on transactions with special audit significance,and store the data to later identify and investigate questionable transactions is an example of

• A)integrated test facility.
• B)snapshot technique.
• C)system control audit review file.
• D)audit hooks.

---

Definitions:

Toll Roads

Highways or sections of highways for which users are required to pay a fee for access or passage.

Consumer Surplus

The discrepancy between what consumers are prepared and can afford to spend on a product or service versus what they end up paying.

Producer Surplus

The difference between the amount a producer is willing to accept for a good or service and the actual amount received when it is sold.

Economic Efficiency

The optimal allocation of resources to maximize productivity and meet consumer demand most effectively.