Describe parallel simulation
The auditor writes a program that simulates the application under review. The simulation is used to reprocess production transactions that were previously processed by the production application. The results of the simulation are compared to the results of the original production run.
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Under the indirect method, gains or losses from the sale of equipment used in operations would appear as adjustments in the cash flows from operating activities section of the statement of cash flows
Indicate whether the statement is true or false
Which of the following is the planned-order release using an MRP program if the gross requirement is 670 and the inventory on hand is 600?
A. 70 B. 530 C. 670 D. 600 E. None of these
The discriminatory effect of apparently neutral employment criteria is a:
a. disparate impact. b. bona fide occupational qualification. c. business necessity. d. disparate treatment.
In comparing the internal rate of return and net present value methods of evaluation, ________
A) internal rate of return is theoretically superior, but financial managers prefer net present value B) net present value is theoretically superior, but financial managers prefer to use internal rate of return C) financial managers prefer net present value, because it is presented as a rate of return D) financial managers prefer net present value, because it measures benefits relative to the amount invested