n auditor does not need to test the effectiveness of automated controls in a computerized system. true or false 2. The use of computer systems in financial reporting increases the risk of material misstatements.True orFalse

n auditor does not need to test the effectiveness of automated controls in a computerized system. true or false 2. The use of computer systems in financial reporting increases the risk of material misstatements.True orFalse

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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1. An auditor does not need to test the effectiveness of automated controls in a computerized system. true or false

2. The use of computer systems in financial reporting increases the risk of material misstatements.True orFalse

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