Which of the following testing techniques is more commonly used by internal auditors than by independent auditors?
A. Test data.
B. Controlled programs.
C. Integrated test facilities.
D. Tagging and tracing transactions.
Answer: C
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Which of the following statements is CORRECT?
A. The more depreciation a firm has in a given year, the higher its EPS, other things held constant. B. Typically, a firm's DPS should exceed its EPS. C. Typically, a firm's EBIT should exceed its EBITDA. D. If a firm is more profitable than average (e.g., Google), we would normally expect to see its stock price exceed its book value per share. E. If a firm is more profitable than most other firms, we would normally expect to see its book value per share exceed its stock price, especially after several years of high inflation.
Which of the following is a difference between a virtual private network (VPN) and a virtual private cloud (VPC)?
A) A VPC uses encrypted connections between the users and its server, while a VPN does not use such secure connections. B) A VPC can be accessed over the Internet, while a VPN cannot be accessed over the Internet. C) A VPC does not facilitate data storage, while a VPN allows the storage of a user's most important data. D) A VPC provides the advantages of cloud storage, but a VPN by itself cannot provide these advantages.
Rita, the sales manager of a large multinational company, relies on her experience and instinct rather than quantifiable data to predict the future trends in the demand for their product. She says, "I think we should increase the inventory of our product by 20 percent. I feel there is going to be a huge spike in the next quarter." This scenario exemplifies the human compromise known as ________.
A. stereotyping B. subjective rationality C. bounded rationality D. simplicity
Amazon's CFO is considering the fees charged by two banks in trying to determine which is best for her firm. First American (FA) charges a flat $0.11 per payment and First Western (FW) requires a minimum compensating balance of $500,000 plus $0.05 per payment. If Amazon's cost of funds is 8.50% and the expected number of payments per year is 900,000, which bank should be chosen and why?
A) FW; savings = $54,000 B) FA; savings = $23,000 C) FW; savings = $11,500 D) FW; savings = $18,500