In a Computerized Environment,the Audit Trail Log Must Be Printed

question 20

True/False

In a computerized environment,the audit trail log must be printed onto paper documents.

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Definitions:

Profitability

A measure of how much profit a business generates compared to its revenue or assets, indicating financial success.

Vertical Analysis

A method of financial statement analysis where each entry for each of the three major categories of accounts (assets, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.

Percentage Analysis

A method of financial statement analysis in which all items are displayed as a percentage of a certain base figure, facilitating comparison between periods or companies.

Financial Statement

A record that outlines the financial activities and current financial condition of a business, entity, or individual, including the balance sheet, income statement, and cash flow statement.