Providing Assurance Using a Series of Reports Provided Simultaneously or Shortly

question 6

Multiple Choice

Providing assurance using a series of reports provided simultaneously or shortly after the related information is released is referred to as:

• A)Continuous auditing.
• B)Serial auditing.
• C)Systems reliability auditing.
• D)Simultaneity auditing.

---

Definitions:

Corporate Sector

Refers to the segment of an economy comprised of private and publicly traded corporations, involved in commercial and industrial activities.

Noncorporate Sector

Parts of the economy that are not incorporated as businesses, including households, sole proprietorships, and some partnerships.

Excess Burden

The amount by which the burden of a tax exceeds the total revenue collected. Also called deadweight loss.

Tax Revenue

The revenue collected by governments from taxes.