The Audit Program

question 45

Multiple Choice

The audit program:

• A)Is essentially a computerised auditing program that is used to audit a system.
• B)Is essentially an auditing product provided by an auditing firm.
• C)Is essentially a checklist of all the tests and other procedures that the auditor intends to carry out.
• D)None of the options are correct.

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Definitions:

Journalizing

The act of entering business transactions into the accounting journal in a systematic manner.

Trial Balance

A trial balance is a bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Slide

An error in accounting that occurs when a number is incorrectly transferred from one document to another, missing or adding a digit.

Error

A mistake or discrepancy in documents or calculations, often requiring correction or adjustment.