How Could Auditors Determine If Unauthorized Program Changes Have Been

question 26

Multiple Choice

How could auditors determine if unauthorized program changes have been made?

• A) by interviewing and making inquiries of the programming staff
• B) by examining the systems design and programming documentation
• C) by using a source code comparison program
• D) by interviewing and making inquiries of recently terminated programming staff

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Definitions:

Market Rate

The prevailing interest rate available in the marketplace for instruments of similar risk and maturity, also known as the "market interest rate."

Bonds

Financial instruments representing a loan made by an investor to a borrower, often corporate or governmental, that pays periodic interest and the principal at maturity.

Face Value

The amount the corporation must repay to the bondholder at the maturity date.

Interest

The cost of using money for a period of time.