Which of the Following Computer Audit Tests Can Be Used

question 12

Multiple Choice

Which of the following computer audit tests can be used to detect purchasing and receiving schemes?

• A) Identifying dormant customer accounts for the past six months that show a sale in the last two months of the year
• B) Calculating the ratio of the largest sale to the next largest sale by customer
• C) Extracting all inventory coded as obsolete and possessing reorder points within the inventory system
• D) All of the above

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Definitions:

Acquisitions

The process by which one company takes over another, either by purchasing it outright or through a merger.

SEC Oversight

The supervisory role of the Securities and Exchange Commission in regulating and enforcing federal securities laws.

Regulatory Oversight

The supervisory activities conducted by a governmental or regulatory body to ensure compliance with laws, regulations, and standards.

Professional Management

The act of overseeing and making decisions about investments by experts on behalf of clients.