Amit, an auditor with Edwards and Little LLP, is assembling a short report on continuous auditing....
Amit, an auditor with Edwards and Little LLP, is assembling a short report on continuous auditing. Which of the following statements regarding continuous auditing is true?
a) Most continuous audits are conducted by external auditors, and the assurance provided is normally low.
b) The audit process for a continuous audit is generally the same as for a financial statement audit.
c) The time horizons for continuous auditing are less frequent than for a financial statement audit.
d) An auditor conducting a continuous audit is not required to have a high degree of proficiency in information technology and the subject matter being audited.
Homework Answers
The true statement is:-
a) Most continuous audits are conducted by external auditors, and the assurance provided is normally low
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Amit, an auditor with Edwards and Little LLP, is assembling a
short report on continuous auditing....
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