The Auditor Has a Variety of Auditing Techniques That Might

question 13

Multiple Choice

The auditor has a variety of auditing techniques that might be used to gather evidence about the effectiveness of control.These include

• A)inquiries of company employees
• B)gathering of documents,reports,or computer files
• C)confirmation of the application of the control
• D)inspecting the control again

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Definitions:

Project

A temporary endeavor undertaken to create a unique product, service, or result, often within constraints of time, quality, and budget.

Annual Return

The percentage change in an investment's value over a one-year period, including dividends and interest.

Future Value

The value of an investment at a specified date in the future, taking into account factors like compound interest or returns.

Ordinary Annuity

A sequence of identical disbursements occurring at successive intervals for a set duration.