To meet pre-defined criteria, which of the following
continuous audit techniques would BEST identify transactions
to audit?
A. Systems Control Audit Review File and Embedded Audit
Modules (SCARF/EAM)
B. Continuous and Intermittent Simulation (CIS)
C. Integrated Test Facilities (ITF)
D. Audit hooks
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Answer: B
Continuous and Intermittent Simulation (CIS) is a moderately
complex set of programs that during a process run of a
transaction, simulates the instruction execution of its
application. As each transaction is entered, the simulator
decides whether the transaction meets certain predetermined
criteria and if so, audits the transaction. If not, the
simulator waits until it encounters the next transaction
that meets the criteria. Audits hooks which are of low
complexity focus on specific conditions instead of detailed
criteria in identifying transactions for review. ITF is
incorrect because its focus is on test versus live data. And
SCARF/EAM focus is on controls versus data.
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