(LO 5-4) Multiple Choice: What actions should be taken by either internal auditors or management if a...

Question:

(LO 5-4) Multiple Choice: What actions should be taken by either internal auditors or management if a company’s continuous audit system has too many missed abnormal events (such as false negatives)?

a. Ignore the alarms.

b. Abandon the system.

c. Change the parameters to focus on lower-risk items.

d. Change the parameters to focus on higher-risk items.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

ISE Data Analytics For Accounting

ISBN: 9781265094454

3rd Edition

Authors: Ryan A. Teeter, Vernon Richardson, Katie L. Terrell

Question Posted: