Some Embedded Audit Routines Use Automated Collection Language (ACL)to Embed

question 63

True/False

Some embedded audit routines use automated collection language (ACL)to embed specially programmed modules as in-line code with regular programs.

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Definitions:

Payback Period

The amount of time it takes for an investment to generate enough cash flow to recover its initial cost.

Accounting Rate of Return

A method used to determine the profitability of an investment, calculated by dividing the average annual accounting profit by the initial investment cost.

Straight-Line Depreciation

A methodology for dispensing the cost of a durable asset over its useful period in uniform annual allocations.

Accounting Rate of Return

A financial metric used to measure the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.