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This Is One of the Computer-Assisted Audit Techniques Related to Processing

question 49

Multiple Choice

This is one of the computer-assisted audit techniques related to processing controls that involves processing company data through a controlled program designed to resemble the company's application.This test is run to find out whether the same results are achieved under different systems.


Definitions:

Small Retail Co.

A business that sells goods or merchandise to consumers in relatively small quantities for personal, non-business use.

Auto Supply

Businesses or stores that specialize in providing parts, tools, and accessories for automobiles.

Ultra Vires

Acts or transactions conducted by a corporation that fall outside the scope of powers and purposes defined by its charter or laws; such acts may be invalid or unauthorized.

Clayton Act

The Clayton Act is a U.S. antitrust law, enacted in 1914, aimed at promoting competition and preventing monopolies by addressing specific practices not covered by the Sherman Act.

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