Certified Information Systems Auditor Practice Exam 2025 – All-in-One Guide to Master Your CISA Certification!

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What should an IS auditor ensure is included in the review of online electronic funds transfer reconciliation procedures?

Tracing

In the context of reviewing online electronic funds transfer reconciliation procedures, ensuring the presence of tracing is crucial for verifying the integrity of the financial transactions. Tracing involves tracking the flow of transactions from their origin to their final destination, thereby confirming that all transactions have been recorded accurately and completely. This method allows the auditor to establish a direct link between the source documents of a transaction and the entries in the financial records.

By incorporating tracing into the review process, the IS auditor can identify any discrepancies or errors in the transaction records, providing a comprehensive assessment of the reconciliation process. This step is essential in ensuring that the electronic funds transfers are executed correctly and that the financial statements reflect a true and fair view of the organization's financial position.

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Testing transaction validity

Random sampling of records

Review of user access logs

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