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An auditor identified IT controls for testing. Then, she created fictitious data for processing along with the client's data to test whether the controls were

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An auditor identified IT controls for testing. Then, she created fictitious data for processing along with the client's data to test whether the controls were effective. This describes the CAAT of Integrated Test Facility. True False The audit concern regarding the use of service organizations for processing large volumes of transactions is that internal controls over processing at the service organization influence the quality of the financial information being audited. True False Based on results from tests of controls, an auditor assessed control risk as high. In this case, the auditor likely will perform some substantive tests of details as of an interim date (e.g., end of the third quarter). True False

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