The First (And Oldest)technique Used to Audit Through the Computer

question 112

Multiple Choice

The first (and oldest) technique used to audit through the computer is

• A) the integrated test facility.
• B) parallel simulation.
• C) the test data approach.
• D) generalized audit procedures.

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Definitions:

Reasonable Skill

A term used to describe the level of competence that a professional or practitioner is expected to display in their field, often used in legal contexts to establish standards for professional services.

Fiduciary

A person who holds a position of trust, required to act for the benefit of another party with respect to specific duties.

Equal Dignity Rule

A legal principle requiring that agents conducting transactions on behalf of principals must have the authority to do so, which is granted with the same formality as the underlying transaction.

Substantial Performance Doctrine

A legal principle recognizing that a contract has been essentially fulfilled and deserves payment, despite minor deviations from the exact terms.