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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
Submitted by: mcqstutor Team More Finance & Accounting MCQs →

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