Which of the following approaches and/or tools are not typically used as part of a CAAT approach to auditing?
A. Integrated testing facility (ITF).
B. Audit calculation engine (ACE).
C. Embedded audit module (EAM).
D. Generalized audit software (GAS).
Answer: B
You might also like to view...
Which of the following statements best describes a relationship between sample size and other elements of auditing?
A. If the desired level of assurance increases, sample sizes can be smaller. B. If materiality increases, so will the sample size. C. If materiality decreases, sample size will need to increase. D. There is no relationship between sample size and materiality or the desired level of assurance.
Members of cultures with a strong group orientation do not value privacy as much as do members of cultures with what orientation?
A. collectivistic B. laissez-faire C. individualistic D. hermetic
Which of the following is a disadvantage of online focus groups?
A) Responses are not instantaneous. B) Controlling the online sample is difficult. C) Results take a long time to tabulate and analyze. D) Facility, technology, and travel costs are very high. E) Researchers are unable to view the sessions in real-time.
When a Statement on Auditing Standards uses the word "should" relating to a requirement, it means that the auditor:
A. Should consider whether to follow the advice based on the exercise of professional judgment in the circumstances. B. Must comply with requirements unless the auditor demonstrates and documents that alternative actions are sufficient to achieve the objectives of the standards. C. Must fulfill the responsibilities under all circumstances. D. May choose to change responsibilities relating to various professional standards that remain under consideration.