Pre-Designed Formats for Audit Working Papers and Letters Can Be

question 58

Multiple Choice

Pre-designed formats for audit working papers and letters can be created and saved using both electronic spreadsheets and word processors.These are called:

• A) audit software.
• B) macros.
• C) desktop publishing.
• D) templates.

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Definitions:

Financial Projections

Estimates of a company's future revenues, expenses, and profitability, often used for budgeting, fundraising, and strategic planning.

Franchising

A business model whereby the owner (franchisor) of a product, service, or method obtains distribution through affiliated dealers (franchisees).

Market Entry Strategy

The planned method of delivering goods or services to a new target market and distributing them there.

Operational Support

Services and activities that assist in the day-to-day functioning of a company or organization.