Question: Required: Implementing continuous auditing procedures is similar to automating an audit plan with the additional step of scheduling the automated procedures to match the timing

Required: Implementing continuous auditing
Required: Implementing continuous auditing procedures is similar to automating an audit plan with the additional step of scheduling the automated procedures to match the timing and frequencyr of the data being evaluated and notifying the auditor when exceptions occur. Identify whether the following features describe a continuous audit or a traditional audit. Sampling FuI population testing Alarms when a control is violated Auditors appear at regular intervals Immediate resolution of the issue Delayed resolution of the issue Copying and pasting data into Excel Annual audit

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!