Which of the Following Is Intended to Detect Deviations from Prescribed

question 64

Multiple Choice

Which of the following is intended to detect deviations from prescribed controls?

• A)Substantive procedures specified by a standardized audit program.
• B)Tests of controls designed specifically for the client.
• C)Analytical procedures as set forth in an industry audit guide.
• D)Computerized analytical procedures tailored for the configuration of the computer equipment in use.

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Definitions:

Non-voting

Shares that confer ownership in a company but do not grant the shareholder voting rights in the company's corporate decisions.

Cash Outflows

Expenditures of cash by a business, including operating expenses, investment outlays, and financing payments.

Dividend

A fraction of a corporation's profits allocated to its stockholders, often as cash or more shares.