This Type of Application Control Is Performed to Verify the Correctness

question 25

Multiple Choice

This type of application control is performed to verify the correctness of information entered into software programs.Auditors are concerned about whether errors are being prevented and detected during this stage of data processing.

• A)Security controls
• B)Processing controls
• C)Input controls
• D)Output controls

---

Definitions:

Acquiring Firm

This is a company that purchases most or all of another company's shares to gain control over that company.

Replacement Cost

The cost to replace an asset of a company at its current price, without considering depreciation.

Tax Considerations

Factors related to tax regulations and laws that impact financial decisions and strategies, influencing the net outcome of investments and operations of both individuals and corporations.

Motivate Mergers

Motivated Mergers refer to mergers driven by factors such as economies of scale, increased market share, or other strategic benefits that enhance the value of the merged entity.