The Use of Programmed Edit Checks to Discriminate Among Acceptable

question 108

Short Answer

The use of programmed edit checks to discriminate among acceptable data is called ________ ________ auditing.

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profits or losses over a particular period.

Rent Expense

The cost incurred for leasing a property or equipment used in the operation of a business.

Fees Earned

Income generated from providing services, often used in professional practices like law firms, consulting firms, and architectural firms.

Wages Expense

The total amount of compensation paid to employees for services performed during a certain period; this includes salaries, wages, and possibly bonuses.