What Is the Primary Purpose of Computer Audit Software

question 40

Multiple Choice

What is the primary purpose of computer audit software?

• A) eliminate auditor judgment errors
• B) assist the auditor in retrieving and reviewing information
• C) detect unauthorized modifications to system program code
• D) recheck all mathematical calculations, cross-foot, reprocess financial statements and compare to originals

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Definitions:

Negotiable Instrument

A written agreement promising to pay a designated sum of money, either upon request or at a fixed future date, with the obligor's name mentioned on the document.

Indorsement in Trust

A specification on a negotiable instrument where the indorsement indicates that the endorsee has trustee status, making them responsible for managing the instrument according to trust terms.

Bearer Instrument

A negotiable financial instrument that designates payment to whoever holds the instrument, not requiring ownership to be registered with the issuer.

Indorsed

The act of signing one's name on the back of a check or other negotiable instrument for the purpose of transferring rights or entitlements.