Multiple Choice
For clients with highly sophisticated computerized accounting systems, auditors perform tests throughout the year to identify significant or unusual transactions. This approach is called ________ and is frequently used in integrated audits of financial statements and internal control for public companies.
A) continuous audit program
B) continuous auditing
C) continuous analytical testing
D) continuous audit mix
Correct Answer:

Verified
Correct Answer:
Verified
Q93: Collectively, procedures performed to obtain an understanding
Q94: Which of the following is ordinarily designed
Q95: Which of the following statements is not
Q96: One factor that determines the amount of
Q97: The amount of additional evidence required for
Q99: Auditors must perform tests of controls separately
Q100: An increased extent of tests of controls
Q101: Analytical procedures<br>A) focus on the ending balances
Q102: Tests of controls are generally costlier to
Q103: Substantive tests of transactions affect control risk