What is the term for a continuous, systematic auditing approach that examines operational processes and financial data in real time?
AForensic Audit
BContinuous Auditing
CInternal Audit
DStatutory Audit
Explanation
* Continuous Auditing leverages automated technology to perform compliance and operational verification on a continuous basis.
* It moves auditing away from traditional periodic sampling toward full population monitoring.
* Enhances early detection of anomalies, operational risks, and fraud.
Exam Relevance
- Topic: Auditing
- Subtopic: Audit Methodologies

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