When Performing a Parallel Simulation the Auditor May Use Generalized

question 35

Multiple Choice

When performing a parallel simulation the auditor may use generalized audit software (GAS) . Which of the following is not seen as an advantage to using GAS?

• A) Auditors can learn the software in a short period of time
• B) Can be applied to a variety of client's after detailed customizations
• C) Can be applied to a variety of client's with minimal adjustments to the software
• D) Greatly accelerates audit testing over manual procedures

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Definitions:

Cognitive Dissonance

A psychological phenomenon where an individual feels mental discomfort due to holding contradictory beliefs or ideas, or because of an action that contradicts their beliefs.

Buyer's Remorse

Feelings of regret after making a purchase, often due to doubts about the product’s value or necessity.

Share Of Customer

A measure of the quantity of purchase dollars each customer spends on the company’s products.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.