Which of the following best describes continuous auditing? A)Audit-related activities are peformed throughout the period under review. B)The full audit team remains on the client site for the entire fiscal year. C)The database extracts every 10^th transaction and flags it for audit review. D)Auditors can generate greater fees by increasing the amount of manual testing performed for the client.

Question

Quizplus · Accepted Answer

Continuous auditing involves performing audit-related activities throughout the period under review, rather than just at the end of the period or on a periodic basis. This allows auditors to identify and address issues in real-time, increasing the effectiveness and efficiency of the audit process. None of the other choices accurately describe continuous auditing.

Which of the Following Best Describes Continuous Auditing