An Auditor Sets an Embedded Audit Module to Record All

question 47

Multiple Choice

An auditor sets an embedded audit module to record all credit transactions in excess of $4,000 and stores the data in an audit log.The auditor is using

• A) audit hooks.
• B) the snapshot technique.
• C) a system control audit review file.
• D) continuous and intermittent simulation.

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Definitions:

U.S. Dollar

The U.S. Dollar is the official currency of the United States, widely used as a benchmark in international trade and as a global reserve currency.

Imported Goods

Products or services that are brought into a country from another country for sale.

U.S. Exports

Goods and services produced in the United States and sold to other countries.

Contagion

The spread of economic or financial crises from one market or region to another, often accelerated by panic selling and loss of confidence.