The process of collecting and evaluating evidence to determine whether a computer system safeguards assets, maintains data integrity, achieves organizational goals effectively, and consumes resources efficiently.

Related MCQs

• Future oriented, independent and systematic evaluation of the activities of all levels of management for the purpose of improving organizational profitability and increasing the attainment of other organizational objectives is known as
• A systematic and independent examination of data ,statements,records,operations,and performance(financial or otherwise) for a stated purpose. In any auditing situation,the auditor perceives and recognizes the propositions before him for examination,collects evidence,evaluates the same and on the basis formulates his judgement which is,communicated through his audit report.” This definition is given by
• The process of substantiation of assets and liabilities recorded in the books of accounts by physical inspection and examination of legal and official documents to form and expert opinion
• Report issued when the auditor on the basis of sufficient appropriate audit evidence, concludes that misstatements are both material and pervasive to the financial statement
• The examination of documentary evidence in support of transactions contained in the books of accounts is referred to as
• A commitment to improve community well –being through discretionary business practices and contributions of corporate resources is called Corporate Social Responsibility. This definition is given by
• Transactions entered in the computer as they occur and processed simultaneously in the processing capabilities of accounting system is
• Who is responsible for the verification of assets?
• Selecting and printing audit samples, comparing data on separate files, comparing audit data with clients records
• Satyam computer services Ltd. was founded in 1987 by RamalingaRaju and his brother as aprivate company with just