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

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Definitions:

Predetermined Price

A price agreed upon by all parties in a financial contract or transaction, set before any exchanges are made.

Security

A financial asset signifying either an equity stake in a corporation that's publicly traded (known as stock), a debt investment in a company or government (referred to as a bond), or entitlements to ownership through an option.

Put Option

This is a financial deal that permits the carrier to optionally sell a specified volume of an underlying asset at a designated price within an agreed timeframe, without mandatory action.

Seller

An individual or entity that offers goods or services in exchange for payment or other compensation.