To Document the Review of Source Data Controls,an Auditor May

question 23

Multiple Choice

To document the review of source data controls,an auditor may use

• A)an input control matrix.
• B)test data processing.
• C)computer audit software.
• D)analysis of program logic.

Recognize the role and responsibilities of ethical advocates within organizations.

Grasp the public's expectations of business in terms of financial and social responsibility contributions.

Understand the global perspective of corporate social responsibility and distinguish between its various areas.

Recognize the significance of voluntary actions in defining social responsibility.

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Definitions:

Long-run Average Total Cost

The average cost per unit of output when all inputs, even physical capital, are adjustable, over a sufficient time period.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in average cost per unit when output is increased.

Diseconomies of Scale

The phenomenon where production costs per unit increase as the volume of output increases.

Constant Returns to Scale

A situation in economics where increasing the inputs in production proportionately increases the output.