Economics · Computer Assisted Audit Techniques
Which of the following audit procedures serves as an example of using 'test data'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Comparing the current list of product lines with the prior year's list using software to identify missing items
- 2Using system-generated dates of invoices to produce an aged analysis of year-end inventory for slow-moving items
- 3Comparing recent purchase invoice costs with recent sales invoice prices to check for lower of cost and net realizable value
- 4Inputting a Goods Received Note with a negative quantity into the system to verify if the internal control rejects it✓
Correct answer
Inputting a Goods Received Note with a negative quantity into the system to verify if the internal control rejects it
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Computer Assisted Audit Techniques MCQs →Want more practice questions on Computer Assisted Audit Techniques?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Computer Assisted Audit Techniques