alleryStart learning →What is the first step in implementing continuous auditing?
AConfiguring parameters
BFollowing up on alarms
CEstablishing priority areas
DCommunicating results
Answer & Solution
Correct answer: C. Establishing priority areas
Auditors begin by choosing which organisational areas to audit before setting rules.
Keep practising Special Aspects of Auditing in an Automated Environment
Browse all Special Aspects of Auditing in an Automated Environment questions for CA Final, or explore more Auditing topics.
Related questions
Which examples are given of analytical tests that CAATs can perform?What is the benefit of central electronic work papers?What is curb stoning in surveys?Which statistical rule helps CAATs detect made-up survey or fraudulent data?Which function finds gaps in invoice numbers?Why does audit software use a read-only copy of the client file?A key limitation of CAATTs is that the review covers only what?An insurer fears claims paid after policy end. Best test?