Which of These Is Not Normally a Distinct Phase Involved

question 15

Multiple Choice

Which of these is not normally a distinct phase involved in using generalised audit software?

• A) using the primarily substantive approach in planning the audit.
• B) identification of the relevant audit objective and tests to be performed.
• C) designing the application and form of the output.
• D) processing the application and reviewing the results.

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Definitions:

Proportionate Ownership

The percentage of ownership in a company or property, directly correlating to the amount of shares or units an individual or entity possesses.

Efficient Market Hypothesis

A financial theory stating that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the overall market.

Technical Analysis

An approach to assess securities through the examination of statistical data derived from market behavior, including historical prices and trading volumes.

Fundamental Analysis

Fundamental analysis involves assessing a company's financial statements and health, its management and competitive advantages, and its competitors and markets to determine its stock's value.