Which of the Following Is a Significant Risk to the Auditor

question 53

Multiple Choice

Which of the following is a significant risk to the auditor regarding an audit in a highly automated information environment?

• A) does not place enough reliance on the processed information
• B) places too much reliance on the processed information
• C) processed information may not reveal the sources of the information
• D) does not understand the processed information produced by the automated environment

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Definitions:

Value of K

In different contexts, it can refer to a specific constant or variable value used in mathematical equations or algorithms.

Mean Absolute Percentage Error

A measure used to evaluate the accuracy of a forecasting method by calculating the average absolute percent difference between predicted and observed values.

Sales Details

Information regarding the transactions, volumes, and characteristics of sales within a business or market.

Value of K

A specific value or constant used in calculations, varying in meaning across different mathematical or scientific contexts.