Methods Used to Maintain an Audit Trail in a Computerized

question 14

Multiple Choice

Methods used to maintain an audit trail in a computerized environment include all of the following except

• A) transaction logs
• B) Transaction Listings.
• C) data encryption
• D) log of automatic transactions

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Definitions:

Cost of Capital

The required return necessary to make a capital budgeting project, such as building a new factory or investing in new equipment, worthwhile.

Equity Funds

Investment funds that primarily invest in stocks, aiming to provide investors with growth or income through dividends and capital gains.

Borrowed Funds

Money that an entity obtains from another party with the promise to return the principal amount along with interest.

Present Value

The present value of a sum of money or series of cash flows expected in the future, discounted at a certain rate of return.