A problem for a CPA associated with advanced IT systems is that:
A. The audit trail is sometimes generated only in machine readable form.
B. The client's internal auditors may have been involved at the design stage.
C. Tests of controls are not possible.
D. The audit trail normally does not exist.
Answer: A
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Marybeth usually shops for her wardrobe in various department stores. However, when purchasing shoes, she shops only at Great Shoes. Marybeth's allegiance to Great Shoes is an example of
A. brand loyalty. B. retailer loyalty. C. extended problem solving. D. impulse buying. E. composite segmentation.
Which of the following describes the allocation base for allocating manufacturing overhead costs?
A) the primary cost driver of indirect manufacturing costs B) the estimated base amount of manufacturing overhead costs in a year C) the percentage used to allocate direct labor to Work-in-Process Inventory D) the main element that causes direct costs
What do data warehouses support?
A. OLAP and analytical processing B. OLTP C. Only OLAP D. Only analytical processing
Resale price maintenance agreements are subject to analysis under the rule of reason
a. True b. False Indicate whether the statement is true or false