A Major Benefit of Computerized Analytical Procedures Is the

question 75

Multiple Choice

A major benefit of computerized analytical procedures is the

• A)ease of doing the calculations.
• B)ease of updating the calculations.
• C)ease of correcting math calculations.
• D)ability to push the work down to lower levels of the audit staff to do the analysis.

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Definitions:

Rate of Return

The appreciation or depreciation in an investment's value over a set period, articulated as a percentage of the investment's buying price.

EPS

Earnings Per Share, a financial ratio indicating the amount of profit attributable to each share of common stock.

Annual Dividends

Regular payments made by a company to its shareholders out of its profits or reserves on a yearly basis.