Audit Procedures Designed to Evaluate Both General Controls and Application

question 8

Multiple Choice

Audit procedures designed to evaluate both general controls and application controls are referred to as:

• A)Substantive tests
• B)Audit planning
• C)IT auditing
• D)Test of controls

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Definitions:

Employment Discrimination

Unfair treatment of employees or job applicants based on race, gender, age, religion, nationality, physical disabilities, or sexual orientation, rather than on their qualifications or performance.

Productivity Factors

Elements that contribute to the efficiency with which inputs are converted into outputs, such as technology, innovation, and labor skills.

Mean Earnings

The average income that a group of individuals or entities earns over a specified period.

Earnings Ratio

A financial metric comparing one aspect of a company's financial performance, such as earnings, to another, such as its share price.