What Is the Purpose of an Information Systems Audit

question 7

Multiple Choice

What is the purpose of an information systems audit?

• A) to determine the inherent risk factors found in the system
• B) to review and evaluate the internal controls that protect the system
• C) to examine the reliability and integrity of accounting records
• D) to examine whether resources have been used in an economical and efficient manner in keeping with organization goals and objectives

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Definitions:

Accelerated Depreciation

A method of depreciation that allows a larger portion of an asset's cost to be deducted in the early years of useful life.

Freight Costs

The expenses incurred to transport goods from one location to another.

Useful Life

The estimated duration of time that an asset is expected to be functional and economically viable for its intended purpose.

Salvage Value

The calculated future selling price of an asset at the end of its period of benefit.