A Type of Software That Auditors Can Use to Analyze

question 77

Multiple Choice

A type of software that auditors can use to analyze program logic and detect unexecuted program code is

• A)an audit log.
• B)a mapping program.
• C)a scanning routine.
• D)program tracing.

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Definitions:

Administrative Expenses

Overheads and general expenses related to the day-to-day management and operation of a business, excluding production and direct costs.

Operating Income

The profit realized from a business's core operations, excluding revenue from investments and costs such as interest expenses and taxes.

Cost Of Goods Sold

The specific costs tied to the production of goods sold by a company, which include the cost of materials and labor.

Merchandising Company Income Statement

An income statement format used by companies that buy and sell goods, highlighting the cost of goods sold and gross profit.