Which of the Following Computer Audit Tests Can Be Used

question 26

Multiple Choice

Which of the following computer audit tests can be used to detect skimming schemes?

• A) Summarizing by employee the difference between the cash receipt report and the sales register system
• B) Identifying unique journal entries to the cash account
• C) Joining the customer statement report file to the accounts receivable and reviewing for balance differences
• D) Extracting invoices paid by cash

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Definitions:

Average Sale Period

A financial metric measuring the average time it takes for a company's inventory to turn into sales, often seen as part of inventory turnover analysis.

Price-earnings Ratio

A valuation metric that compares a company's current share price to its per-share earnings.

Dividend Payout Ratio

A financial metric that measures the percentage of a company's earnings paid out to shareholders as dividends, indicating how much money a company returns to shareholders versus how much it keeps to reinvest.

Gross Margin Percentage

A profitability metric calculated as gross margin (sales minus cost of goods sold) divided by sales, expressed as a percentage.