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:

Materials Quantity Variance

The financial difference between the actual quantity of materials used in production and the expected quantity, based on standard costs.

February

The second month of the year, often associated with cold weather in the Northern Hemisphere and used as a time period reference in accounting.

Materials Price Variance

The difference between the actual cost of materials and the expected (or standard) cost.

March

The third month of the year in the Gregorian calendar.