Which of the Following Is Not Considered One of the Primary

question 15

Multiple Choice

Which of the following is not considered one of the primary CAAT approaches?

• A)The black-box approach.
• B)Encryption testing.
• C)Auditing through the computer.
• D)The white-box approach.

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Definitions:

Dividends

Dividends are a portion of a company's earnings that are distributed to shareholders as a reward for their investment.

Depreciation Expense

The allocation of the cost of a tangible fixed asset over its useful life, reflecting the asset's consumption, wear and tear, or obsolescence.

Interest Expense

Expenses related to borrowed capital for an entity, which includes loans, bonds, and lines of credit.

Prior Year

Refers to the accounting period immediately preceding the current period, often used for comparative financial analysis.