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2 weeks ago
Describe the five commonly used concurrent audit techniques.
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Accounting Information Systems
Edition: 14th
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(1) Integrated test facility - Inserting a dummy entity in a company's system; processing test transactions to update them will not affect actual records. (2) Snapshot technique - Marking transactions with a special code, recording them and their master file records before and after processing, and storing the data to later verify that all processing steps were properly executed. (3) System control audit review file (SCARF) - Using embedded audit modules to continuously monitor transactions, collect data on transactions with special audit significance, and store the data to later identify and investigate questionable transactions. (4) Audit hooks - Audit routines that notify auditors of questionable transactions, often as they occur. (5) Continuous and intermittent simulation (CIS) - Embedding an audit module in a DBMS that uses specified criteria to examine all transactions that update the database.
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