Use of electronic funds transfers (such as electronic data interchange and online banking)has which of the following effects on the audit risk model?
A)decreases control risks associated with cash
B)increases control risks associated with cash
C)decreases test of control associated with computer programs
D)increases test of control associated with computer programs

Question

Quizplus · Accepted Answer

The use of electronic funds transfers increases the need for testing controls associated with computer programs, as these systems require robust controls to ensure accuracy and security.

Use of Electronic Funds Transfers (Such as Electronic Data Interchange