All Embedded Audit Routine Techniques Require A(n)________ Level of Technical

question 46

Short Answer

All embedded audit routine techniques require a(n)________ level of technical expertise to set up,and at least a(n)________ level of knowledge to use them effectively.

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Definitions:

Common Law

A body of unwritten laws based on legal precedents established by the courts, contrasting with statutory law.

Bankruptcy

The state of a person who is unable to pay his or her debts without respect to time; one whose liabilities exceed his or her assets.

Contract Law

The body of law regulating legally binding agreements between parties, specifying the rights and duties that arise from agreements.

Procedural Law

Refers to the part of the legal system that sets out the methods and procedures for enforcing rights and obligations, including the steps for conducting a lawsuit.