Which of the Following Audit Procedures Used to Obtain an Understanding

question 45

Multiple Choice

Which of the following audit procedures used to obtain an understanding of the client's general controls would the auditor use to identify program changes in application software?

• A) interviews with IT personnel
• B) examination of system documentation
• C) reviews of detailed questionnaires completed by the IT staff
• D) review of the client's IT architecture

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Definitions:

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total taxes paid by the total income.

Income

Cash inflow, regularly obtained, as compensation for work or earnings from invested capital.

Average Tax Rate

The average tax rate is the proportion of total taxable income paid in taxes, calculated by dividing the total tax paid by the total income.

Marginal Tax Rate

The rate at which the last dollar of income is taxed.