Which Audit Technique Examines the Way Transactions Are Processed

question 56

Multiple Choice

Which audit technique examines the way transactions are processed?

• A)Exception reporting technique
• B)Transaction tagging technique
• C)Snapshot technique
• D)Parallel simulation technique

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Definitions:

Cash Dividend

A payment made by a company to its shareholders, usually in the form of cash, as a share of the profits.

Operating Activities

These include the primary revenue-generating activities of a business, such as manufacturing, distributing, marketing, and selling a product or service.

Cash Dividend

A payout to shareholders from a company's earnings in the form of cash.

Comparative Balance Sheet

A financial statement presenting the assets, liabilities, and equity of an entity at two or more points in time to facilitate comparative analysis.