Question
1. Which of the following is a limitation of the audit process? a. Auditors are not responsible for detecting all instances of fraud b. Auditors
1. Which of the following is a limitation of the audit process?
a. Auditors are not responsible for detecting all instances of fraud
b. Auditors are not responsible for ensuring compliance with laws and regulations
c. Auditors are not independent of the company being audited
d.Auditors are not trained in accounting and financial reporting
2. An auditor can rely on a company's IT staff to provide all necessary information and documentation for the audit of a computerized system. True or false
3. A system-generated report is always a reliable source of evidence for an auditor. true or false
4. Which of the following is NOT a type of computer system control?
a.Input controls
b Processing controls
c. Output controls
d. Feedback controls
5. An auditor can rely on the results of automated data analytics without performing any additional testing. true or false
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