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98 / 151

© 2008 Prentice Hall Business Publishing     Accounting Information Systems, 11/e    Romney/Steinbart

98 of 151

OBJECTIVE 4: COMPUTER PROCESSING

The system control audit review file (SCARF) uses embedded audit modules to continuously monitor transaction activity and collect data on transactions with special audit significance.

Data recorded in a SCARF file or audit log include transactions that:

Exceed a specified dollar limit;

Involve inactive accounts;

Deviate from company policy; or

Contain write-downs of asset values.

Periodically the auditor:

Receives a printout of SCARF transactions;

Looks for questionable transactions among them; and

Investigates.

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