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Which of the following statements concerning concurrent auditing techniques is not correct?

(A) They are most useful in complex online systems in which audit trails have either become diminished or are very limited

 

(B) They are standard components of generic software packages 

 

(C) They allow monitoring a system on a continuous basis for fraudulent transactions

 

(D) They allow faster detection of unauthorized transactions

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Question added by Suhaib Abbadi , Assurance and Audit Trainee , EY
Date Posted: 2015/04/06
Deleted user
by Deleted user

(B). They are not standard components of generic software packages, they are usually designed by an auditor based on the application.

Nnenna Deji Lana
by Nnenna Deji Lana , Sales Executive , Allianz Nigeria

(B) They are standard components of generic software packages 

Waseem Abbas
by Waseem Abbas , Assistant Manager Store , Nishat Hotels & Properties Limited

They allow faster detection of unauthorized transactions

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