Which of the Following Is an Advantage of Generalized Audit

question 40

Multiple Choice

Which of the following is an advantage of generalized audit software?

• A) It facilitates alteration of data.
• B) It costs the same as basic programs and is more efficient.
• C) It can directly access and analyze data inside the database.
• D) It does not require extensive training to use it effectively.

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Definitions:

Revenue

The total income generated from normal business operations, including sales of goods and services before any expenses are subtracted.

Withdrawals

The removal of funds from a bank account or the taking out of cash or assets from a business by its owner for personal use.

Assets

Economic resources owned or controlled by a business, expected to bring future benefits.

Assets

Resources owned by a company or individual, including cash, inventory, properties, and equipment, that are expected to provide future economic benefits.