Which of the Following Is Intended to Detect Deviations from Prescribed

question 16

Multiple Choice

Which of the following is intended to detect deviations from prescribed Accounting Department procedures?

• A) Substantive tests specified by a standardised audit program.
• B) Tests of controls designed specifically for the client.
• C) Analytical tests as designed in the industry audit guide.
• D) Computerised analytical tests tailored for the configuration of CIS equipment in use.

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Definitions:

Extraction Companies

Firms that specialize in the removal of natural resources from the Earth, such as oil, natural gas, metals, or minerals.

Flow of Profits

The movement of profits within an economic system, especially as it pertains to how profits are generated, maintained, and distributed among various entities.

Profit-Maximizing Company

A company whose primary goal is to make the largest possible profit from its operations.

Extraction Cost

The cost associated with the removal of resources or raw materials from the earth.