Question

During the planning phase, an IS auditor is asked to recommend an approach that will allow management to identify control breakdowns in the accounts payable system as transactions are processed, rather than waiting for a scheduled annual audit. Which approach should the auditor recommend?

Accepted Answer

Continuous auditing using embedded audit modules to test transactions in near real time

Answer

A control self-assessment (CSA) workshop conducted quarterly with process owners

Answer

Statistical attribute sampling performed at the end of each fiscal year

Answer

A substantive test of details using stratified sampling during the annual audit