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Questions and Answers
Which of the following areas is not typically audited when auditing a financial reporting system?
Which of the following areas is not typically audited when auditing a financial reporting system?
- iv. System change controls
- ii. The time required to generate the financial statement (correct)
- i. User list and corresponding access rights of such system
- iii. Approval flow and approval matrix for posting an accounting journal
Which of the following areas would likely be audited when you are auditing a financial reporting system?
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 (correct)
- iv. System change controls
- i. User list and corresponding access rights of such system
- ii. The time required to generate the financial statement
Which of the following areas is audited when auditing a financial reporting system?
Which of the following areas is audited when auditing a financial reporting system?
- iii. Approval flow and approval matrix for posting an accounting journal
- i. User list and corresponding access rights of such system
- iv. System change controls (correct)
- ii. The time required to generate the financial statement
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