UNIT 8: ANALYSIS, EVALUATION, DOCUMENTATION, AND SUPERVISION Flashcards
1
Q
The creation of a fictitious record on an engagement client’s live production system to test a process represents an
A
Integrated test facility (ITF).
2
Q
An __________ permits continuous monitoring of online, real-time systems.
A
Embedded audit module.
3
Q
Define Benford’s law.
A
Leading digits in a data set are disproportionately more likely to be lower numbers.
4
Q
What analysis identifies the underlying reason for an unfavorable condition?
A
Root cause analysis.
5
Q
What factors influence the extent of supervision required for an audit engagement?
A
Proficiency and experience of internal auditors
Complexity of the engagement
