An Auditor Might Use Which of the Following to Convert

question 55

Multiple Choice

An auditor might use which of the following to convert data from several sources into a single common format?

• A) computer assisted audit techniques software
• B) Windows Media Converter
• C) concurrent audit technique
• D) Adobe Professional

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Definitions:

Current Liabilities

Obligations of a company due within one year, including accounts payable, short-term loans, and other similar debts.

Percentage Of Sales Method

An accounting technique used to forecast the future financial positions based on a set percentage of sales.

External Funds

Capital that comes from outside of a company, including debt financing and equity financing from external investors.

Sales Increase

The rise in the volume or value of sales of goods or services over a specified period compared to a previous period.