The Phase of an Information Systems Audit in Which an Audit

question 45

Multiple Choice

The phase of an information systems audit in which an audit program is created is the

• A) first phase.
• B) second phase.
• C) third phase.
• D) fourth phase.

---

Definitions:

Planning

The process of setting objectives, determining strategies to achieve them, and coordinating resources to execute the strategies.

Price Variance

The difference between the actual cost of a good or service and its budgeted or standard cost.

Standard Price

The pre-determined cost that a company expects to pay for goods and services.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, providing a more accurate comparison of actual to budgeted expenses.