Which of the Following Use of Computer-Assisted Audit Techniques (CAATs)would

question 62

Multiple Choice

Which of the following use of computer-assisted audit techniques (CAATs) would most likely be considered a search for fraudulent activities?

• A)Selecting customers' accounts receivable for confirmation
• B)Recalculating inventory extensions
• C)Scanning accounts receivable balances for amounts over the credit limit
• D)Comparing a list of vendor addresses to employee address files

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Definitions:

Gasoline Prices

The cost per unit of gasoline, determined by various factors including crude oil prices, taxes, supply and demand, and refining costs.

Efficiency

The extent to which resources are used in the best way possible to produce goods and services, minimizing waste and costs.

Shortages

A situation where the demand for a product exceeds its supply at a particular price, often leading to increased prices.

Price Floor

Price floor is a government or regulatory imposed minimum price set above the equilibrium price, preventing the market price from falling below a certain level.