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:

Expected Return

Expected Return is the anticipated amount of profit or loss an investment is likely to generate, accounting for both the risk of the investment and the time value of money.

Expected Rate Of Return

An estimate of the profit or loss of an investment over a given period of time, expressed as a percentage.

Recessionary Economy

An economic condition characterized by a significant decline in general economic activity across multiple sectors for an extended period.

Probability

An indicator of the probability that a particular event will happen, represented by a numerical value ranging from 0 to 1, with 0 denoting an impossibility and 1 denoting absolute certainty.