Computer-Assisted Audit Techniques (CAAT) Can Be Used To

question 7

Multiple Choice

Computer-assisted audit techniques (CAAT) can be used to:

• A) scan the cash disbursement ledger in search of unusual amounts.
• B) scan the cash disbursement ledger in search of unusual times of posting.
• C) scan the cash disbursement ledger in search of postings from unauthorized terminals.
• D) All of the above.

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Definitions:

Cash-Out Combinations

Financial strategies or transactions where owners of a business sell their stake in the company, partially or entirely, for cash.

Fair Dealing

A legal doctrine requiring parties to engage in business transactions in a just, equitable, and non-discriminatory manner.

Minority Shareholders

Shareholders who own a smaller portion of a company's shares, compared to majority shareholders, and often have limited influence on company decisions.

Limited Duration

Describes contracts, agreements, or conditions that are effective for a specific, finite period of time.