How Has the U

question 45

Multiple Choice

How has the U.S.government deployed computer-assisted audit techniques to reduce the budget?

• A) to identify fraudulent Medicare claims
• B) to perform random audits of government spending
• C) to replace human auditors with computerized auditors
• D) to develop a more balanced government budget

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Definitions:

Book Value

The net value of a company's assets minus its liabilities, as shown in financial statements.

Profit and Loss Ratio

A financial metric that compares the profits and losses of a business, often used to assess operational efficiency and financial health.

Capital Accounts

Financial records that track the equity and investment contributions of owners or shareholders in a company.

Noncash Assets

Assets that are not in the form of cash or cash equivalents, including property, equipment, and intellectual property.