Auditors Are Now Faced with Examining Clients That Have Database

question 42

Essay

Auditors are now faced with examining clients that have database systems.
a.Describe a database system,including its major advantage.
b.Identify policies and procedures that may be established to provide control over that aspect over a database system.

---

Definitions:

Standard Level

The expected or planned level of activity, output, or performance against which actual outcomes can be compared.

Selling Price

Selling price is the amount a customer pays to purchase a product or service, often strategically set by considering production costs, market demand, and competitor pricing.

Process Further

A decision-making process in cost accounting that evaluates the costs and benefits of additional processing.

Variable Expenses

Costs that change in proportion to the level of production or sales activities of a business.