An Internal Auditor Has Set the Firm's Information System to Flag

question 91

Multiple Choice

An internal auditor has set the firm's information system to flag questionable online transactions,The system then displays information about the transaction on the auditor's computer system and sends a text message to the auditor's cell phone.This is an example of collecting audit evidence using

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

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Definitions:

Opportunity

A set of circumstances that makes it possible to do something, often seen as a chance for progress or advancement.

Coincident

Events or situations occurring at the same time and sometimes suggesting a meaningful association.

Baseline Metric

A starting point measurement used to compare against future metrics to track progress or impact over time.

Performance Comparison

The process of comparing the capabilities, output, or effectiveness of two or more entities, often used to assess the relative merit of products, services, or strategies.