Which of the Following Is True

question 25

Multiple Choice

Which of the following is true?

• A)In the CBIS environment, auditors gather evidence relating only to the contents of databases, not the reliability of the computer system.
• B)Conducting an audit is a systematic and logical process that applies to all forms of information systems.
• C)Substantive tests establish whether internal controls are functioning properly.
• D)IT auditors prepare the audit report if the system is computerized.

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Definitions:

Comparative Advantage

The ability of a country or firm to produce a particular good or service at a lower opportunity cost than its competitors.

Absolute Advantage

The ability of a country, individual, company, or region to produce a good or service at a lower cost per unit than the cost at which any other entity produces that good or service.

Specialize

To focus on a particular area of study, work, or production, becoming an expert or highly skilled in that area.

Import

The act of bringing goods or services into a country from abroad for sale.