3 Questions
Which of the following areas is not typically audited when auditing a financial reporting system?
ii. The time required to generate the financial statement
Which of the following areas would likely be audited when you are auditing a financial reporting system?
iii. Approval flow and approval matrix for posting an accounting journal
Which of the following areas is audited when auditing a financial reporting system?
iv. System change controls
Test your knowledge on auditing a financial reporting system. Identify which areas are likely to be audited, including user access rights, time required for generating financial statements, approval flow for accounting journals, and system change controls. Choose the correct options to ace this quiz!
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