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Information system risk for a revenue cycle (CAATs era) does NOT primarily include:
AImproper transaction posting
BMaster data corruption
CLogical access weaknesses
DLack of vehicles in the parking lot
Answer & Solution
Correct answer: B. Master data corruption
1. Parking-lot vehicles have no audit relevance.
2. Master data, transaction posting and logical access are primary IS risks.
3. A distractor question to test attention.
_Source: ICAI BoS CA Final Paper 3, Ch 3 "Risk Assessment and Internal Control"_
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