Which of the Following Computer-Assisted Auditing Techniques Allows Fictitious and Real

question 3

Multiple Choice

Which of the following computer-assisted auditing techniques allows fictitious and real transactions to be processed together without client personnel being aware of the testing process?

• A)Test data method
• B)Embedded audit module
• C)Integrated test facility
• D)Parallel simulation

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Definitions:

Adjustment Necessary

A correction or modification required to ensure accuracy, typically in the context of financial records or statements.

Patent Account

A patent account is an intangible asset account that records the costs associated with the acquisition and registration of patents over their useful lives.

Unamortized Patent

The portion of a patent's acquisition cost that has yet to be expensed over its useful life to reflect its consumption or expiration.

Acquisition-Date

The specific date on which one company gains control over another company or business segment, pivotal for accounting and financial consolidation.