A Proactive Computer Audit Test to Detect When a Company

question 41

Multiple Choice

A proactive computer audit test to detect when a company has a high incidence of invoice payments below an approval limit that may be reviewable by an audit could include:

• A) Stratify vendor payments by approval limits directly under the approval limit
• B) Conduct an intensive audit of 100 percent of all invoices
• C) Stratify vendor payment by approval limits directly over the approval limit.
• D) Ask the payables clerk to sign a financial disclosure document

Recognize the challenges in setting up and implementing tradable emissions permits and emissions taxes.

Understand external benefits in the context of environmental economics and the impact on market outcomes without regulation.

Understand the concept of externalities and how they impact social welfare.

Identify positive externalities and examples of activities that generate them.

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