8 Questions
What is the main purpose of continuous audit techniques?
To evaluate operating controls on a continuous basis
How does the use of continuous audit techniques help in detecting misuse of the system?
By reducing the time lag between misuse and detection
What is the purpose of the technique called 'Snapshots' mentioned in the text?
To take pictures of transaction processing paths
Why are automated evaluation techniques applicable to continuous auditing important?
To improve the reliability of IT systems
What is the purpose of audit hooks in application systems?
To function as red flags and alert IT auditors to potential errors or irregularities
What is the purpose of the integrated test facility (ITF) technique?
To compare the output with the data that have been independently calculated
What occurs during continuous and intermittent simulation (CIS)?
The computer system simulates the instruction execution of the application and audits each transaction based on predetermined criteria
What is the primary function of tagging transactions in IT auditing?
Applying identifiers to input data and recording selected information for subsequent review by an IT auditor
Explore the significance of continuous audit techniques as crucial IT audit tools, especially in time-sharing environments with limited paper trails. Learn how these techniques enhance system security by enabling the evaluation of operating controls without disrupting regular operations.
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