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Which of the following statement(s) is (are) true about the concept of exceptional exceptions? A. It helps the auditor focus their effort on the riskier
Which of the following statement(s) is (are) true about the concept of exceptional exceptions? A. It helps the auditor focus their effort on the riskier transactions B. It prioritizes identified exceptions based on the risk they present C. It uses certain criteria to provide a risk score of all identified exceptions D. It helps address the problem of information overload caused by large numbers of exceptions E. All of the above. Which of the following categories was NOT used in the Case 2 study (Exception prioritization)? A Non-matching documents. B. Missing documents C. Unauthorized transactions D. Segregation of Accounts E. None of the above - All of them were used in the study Which of the following presents the correct order of the steps in the exception prioritization (or Exceptional Exceptions) process? A. Weight inferences Exception prioritization Rule-bases system-> Exception identification Investigation of Prioritized exceptions Feedback B. Rule-bases system Exception prioritization-> Investigation of Prioritized exceptions-> Weight inferences Exception identification Feedback c. Rule-bases system Weight inferences-> Exception identification Exception prioritization Investigation of Prioritized exceptions Feedback D. Rule-bases system Weight inferences Exception identification Investigation of Prioritized exceptions-s Exception prioritization Feedback Which of the following categorization(s) was (were) NOT used to classified issues that were identified (with subprocesses)? A. Critical and Medium Risk B. Critical and Non-Major C. Non-Major D. Medium Risk E. Critical Which of the following statements is NOT true about exception prioritization? A. It can help the auditor process identified exceptions B. Human users perform complex aggregation and processing tasks poorly C. Exception identification techniques always lead to a small number of exceptions D. It can help address the issue of information overload E. None of the above-All are true
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