There is an increasing demand for assurance about computer controls surrounding financial information transacted electronically and the security of the information related to the transaction.This is in large part due to
A)the increasing presence of Internet sales in many businesses.
B)the use of computer-assisted auditing tools.
C)the large volume of transactions and information shared online and in real-time by companies.
D)client's uncertainty about the proper functioning of their computer systems.

Question

Quizplus · Accepted Answer

The increasing demand for assurance about computer controls surrounding financial information transacted electronically and the security of the information related to the transaction is primarily due to the large volume of transactions and information shared online and in real-time by companies. This demand is a response to the inherent risks associated with conducting business electronically, and the need to ensure the accuracy, completeness, and security of financial information. The widespread use of the internet for business transactions has increased the scope and complexity of these risks, highlighting the need for effective controls and auditing procedures.

There Is an Increasing Demand for Assurance About Computer Controls