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4. Which of the following description is NOT true about automate audit? O Saving compliance fee Not requiring expert knowledge by all auditors O Duplicate
4. Which of the following description is NOT true about automate audit? O Saving compliance fee Not requiring expert knowledge by all auditors O Duplicate detection can occur when data is collected from multiple systems O The automation can be performed directly on the database level O None of the above, all the descriptions are true 5. Which of the following is a future state of Continuous Auditing/Monitoring? Exception Review Real time audit opinions O Work flow automation Data analysis tools 6. Which of the following is Not true for Continuous Auditing/Monitoring? O Continuous auditing allows us to reduce effort in auditing planning cycle Risk is not independent in continuous auditing O Continuous auditing may prevent insider trading Audit team may create rule sets to perform analysis
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