In a Data Flow Diagram of the Vendor Payment Process,"Vendor

question 38

Multiple Choice

In a data flow diagram of the vendor payment process,"Vendor" will appear above or in

• A)a square.
• B)a circle.
• C)two horizontal lines.
• D)none of the above

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Definitions:

Private Securities Litigation Reform Act

A 1995 U.S. federal law designed to increase the legal standards required for filing securities fraud lawsuits, aiming to reduce frivolous litigation.

Detect Illegal Acts

The process of identifying activities that are prohibited by law or regulations.

Audited Company

An audited company is one that has undergone a formal examination of its financial accounts and statements by an independent auditor.

GAAP And GAAS

GAAP (Generally Accepted Accounting Principles) are a set of accounting standards used in the U.S., while GAAS (Generally Accepted Auditing Standards) are guidelines for auditors in executing audit engagements.