What Is the Primary Purpose of Computer Audit Software

question 69

Multiple Choice

What is the primary purpose of computer audit software?

• A)to free the auditor from the attest phase of the audit
• B)to assist the auditor in reviewing and retrieving information in computer files
• C)to look for unauthorized modifications and changes to system program code
• D)to assist the auditor in reviewing and retrieving information in accounting records and systems documentation

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Definitions:

Supply and Demand

Economic model of price determination in a market that concludes that the price of a good is determined by its availability (supply) and the desires of those with purchasing power (demand).

Broadly Defined Good

Broadly defined goods encompass a range of products or services that cater to a wide variety of needs and preferences in the market.

Available Substitutes

Alternative products or services that consumers can use in place of another product or service.

Inelastic Portion

The segment of a demand curve where the quantity demanded changes very little with a change in price.