Program-Oriented CAATs

question 83

Multiple Choice

Program-oriented CAATs:

• A) are useful primarily for substantive procedures.
• B) allow the auditor to select records for further testing.
• C) may be applied regardless of the level of assessed control risk in an application.
• D) none of the above

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Definitions:

Triangulation

In navigation or surveying, the method of determining a location or area by forming triangles to it from known points. In social sciences, using multiple perspectives to analyze data.

Midterm Election

Elections held in the United States every four years, approximately midway through a president's term, where a large portion of the Congress, including all of the House of Representatives and one-third of the Senate, is up for election.

Liberal Principles

Ideals centered on the belief in freedom, democracy, and the importance of individual rights, advocating for minimal government intervention in personal and economic affairs.

Conservative Principles

Political and social ideals that emphasize traditional values, limited government, and free market principles.