Podcast
Questions and Answers
What information must be documented in the audit documentation for each engagement according to AS 1215?
What information must be documented in the audit documentation for each engagement according to AS 1215?
- Staff training and vendor invoices
- Auditor independence and staff training (correct)
- Cloud provider maintenance and disaster recovery
- Benford distribution and employee salaries
What does the Y-axis represent on a Benford distribution graph?
What does the Y-axis represent on a Benford distribution graph?
- Frequency of numbers starting with a specific leading digit
- Percentage of numbers starting with a specific leading digit (correct)
- Leading digit values
- Distribution of digits in a dataset
What is the primary risk that verifying the existence of robust patch management processes is focused on mitigating in an IaaS environment?
What is the primary risk that verifying the existence of robust patch management processes is focused on mitigating in an IaaS environment?
- Data breaches
- Compliance issues
- Data leakage
- System Vulnerabilities (correct)
Who is responsible for the physical security of data centers where cloud services are hosted?
Who is responsible for the physical security of data centers where cloud services are hosted?
What does a significant deviation from the expected Benford distribution in a set of vendor invoices suggest?
What does a significant deviation from the expected Benford distribution in a set of vendor invoices suggest?
What is the most suitable application for analysis with Benford's Law?
What is the most suitable application for analysis with Benford's Law?
What type of report will an auditor issue when evaluating the design and implementation of controls over financial reporting?
What type of report will an auditor issue when evaluating the design and implementation of controls over financial reporting?
What does CAM stand for in financial audit?
What does CAM stand for in financial audit?
What is the typical shape of a graph representing the distribution of leading digits in accordance with Benford's Law?
What is the typical shape of a graph representing the distribution of leading digits in accordance with Benford's Law?
What is the primary mission of the PCAOB?
What is the primary mission of the PCAOB?
Who is primarily responsible for the configuration and maintenance of the database that stores customer data in a SaaS application?
Who is primarily responsible for the configuration and maintenance of the database that stores customer data in a SaaS application?
What type of audit report is issued when there are significant and pervasive misstatements found in the financial statements?
What type of audit report is issued when there are significant and pervasive misstatements found in the financial statements?
