Examlex
For a complex IT system, auditors are least likely to use which of the following when documenting their understanding of internal controls?
Shareholder Leverage
The use of borrowed funds by shareholders to increase their potential returns from an investment.
Operating Leverage
A measure of how revenue growth translates into growth in operating income due to fixed costs in a company's business model.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on their income or profits.
Cost of Debt
The effective rate that a company pays on its current debt, which can be measured in terms of either the before-tax or after-tax cost.
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