The Auditor Uses ________ to Continuously Monitor the System and Collect

question 28

Multiple Choice

The auditor uses ________ to continuously monitor the system and collect audit evidence while live data are processed.

• A)test data processing
• B)parallel simulation
• C)concurrent audit techniques
• D)analysis of program logic

---

Definitions:

Short Run

In microeconomics, a period of time in which producers are able to change the quantities of some but not all of the resources they employ; a period in which some resources (usually plant) are fixed and some are variable.

Profits

The financial gain realized when the revenue generated from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Long Run

In microeconomics, a period of time long enough to enable producers of a product to change the quantities of all the resources they employ, so that all resources and costs are variable and no resources or costs are fixed.

Production Plant

A facility or set of facilities where goods are manufactured or assembled primarily from raw materials.