What Kind of Reasonable Assurance Do Check Digits, Screen Properties

question 32

Multiple Choice

What kind of reasonable assurance do check digits, screen properties, and reasonableness tests provide?

• A) Processing has been performed as intended without omission or double counting of transactions.
• B) Only authorized persons have access to files.
• C) Data have been correctly entered.
• D) Coding of data internal to the computer did not change when the data were moved from one internal storage location to another.

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Definitions:

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Growth Opportunities

Prospects or possibilities for financial growth and expansion within a company or market, often through investment in new projects or sectors.

P/E Ratio

Price-to-Earnings Ratio; a valuation ratio of a company's current share price compared to its per-share earnings.

Stock Price

The cost of purchasing a share of a company as quoted on the stock exchange.