What Is Meant by Auditing Around the Computer Versus Auditing

question 23

Essay

What is meant by auditing around the computer versus auditing through the computer? Why is this so important?

---

Definitions:

Interest Rates

Interest rates are the cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal amount.

Corporate Profits

The surplus income of a corporation after all expenses, including taxes and operational costs, have been deducted from total revenues.

Net Earnings

The amount of profit that remains after all operating expenses, taxes, and interest have been deducted from total revenue.

Interest Rate

The percentage at which interest is charged or paid on borrowed or saved money, often reflecting the cost of borrowing or the reward for saving.