Generalised Audit Software Can Be Used to Perform Many Different

question 99

Multiple Choice

Generalised audit software can be used to perform many different kinds of tests.Which of these is NOT one of them?

• A) comparing creditor statements with accounts payable files
• B) inquiry of management policy on aged debtors
• C) random sampling of all other receivables
• D) totalling the client's accounts receivable balances

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Definitions:

Import Substitution

An economic policy aimed at replacing foreign imports with domestic production to promote local industries.

Foreign Competition

Competition that domestic companies face from companies located in other countries, influencing markets, pricing, and innovation.

Trade Restrictions

Measures such as tariffs, quotas, and embargoes that countries impose to control the amount of trade across their borders.

Import-Substitution Policy

An economic strategy aimed at reducing dependence on imported goods by promoting domestic production of similar products.