When a Company Uses Purchased Software Packages for Its Accounting

question 133

Multiple Choice

When a company uses purchased software packages for its accounting software, such packages normally do not permit the company to change the software package's functionality. This means that the auditor will consider

• A) access controls as being poor.
• B) program change controls as poor.
• C) program change controls as excellent.
• D) access controls as being excellent.

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Definitions:

Commercialization

The process of bringing new products or technologies to the market, involving the development, production, marketing, and sale to end-users.

New Product

An item or service recently developed or introduced to the market, offering new value to consumers.

Breakthrough

Refers to a significant and sudden advance or discovery that opens up new possibilities in a field of study, technology, or industry.

Continuous

An ongoing, uninterrupted process, action, or flow that does not have a clear beginning or end.