As Opposed to a Manual Control,an Automated Control

question 48

Multiple Choice

As opposed to a manual control,an automated control

• A) Can never be circumvented.
• B) Should function consistently in the absence of program changes.
• C) Need not be tested by the auditor.
• D) Must be tested using the same techniques as a manual control.

Understand different approaches for calculating operating cash flows (OCF) from project activities.

Realize the significance of including changes in working capital components in cash flow analysis.

Comprehend the comprehensive formulation of project cash flow considering net working capital adjustments and capital spending.

Understand the concept of expected value with perfect information and its application.