(LO 5-1, 5-2, 5-4, 5-5) Match the definitions to these real-time terms:

Continuous reporting Continuous auditing Continuous monitoring

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Real-Time Examples 1. Total sales recognized by the company today disclosed to shareholders 2. Real-time system status 3. Real-time evaluation of internal controls 4. Real-time assurance over revenue recognition 5. Real-time evaluation of the size and nature of each payroll transaction recorded 6. Real-time assurance over the recording of expenses Real-Time Terms