Enterprise-wide resource planning ERP) software packages, such as SAP and Oracle, are all-inclusive systems that attempt to provide entity-wide information. ERP systems provide
advantages to the auditor because they:

• A.Have proven difficult for some firms to install.
• B.Typically require firms to reduce the division of duties and responsibilities found in traditional systems.
• C.Typically have built-in transaction logs and the ability to produce a variety of diagnostic reports.
• D.Have been installed by smaller firms so, to date, few auditors have encountered them.

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Which of the following must be adjusted to index a progressive tax system to inflation?

• A.Tax brackets, exemptions, and nominal tax receipts.
• B.Tax deductions, exemptions, and tax brackets.
• C.Tax brackets, tax deductions, and tax payments.
• D.Tax deductions, exemptions, and tax filings.

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A company uses straight-line depreciation for financial reporting purposes, but uses accelerated depreciation for tax purposes. Which of the following account balances would be lower in the financial statements used for tax purposes than it would be in the general purpose financial statements?

• A.Accumulated depreciation.
• B.Cash.
• C.Retained earnings.
• D.Gross fixed assets.

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Which of the following networks is suitable for an organization that has operations In multiple cities and countries?

• A.Metropolitan area network.
• B.Storage area network.
• C.Wide area network.
• D.Local area network

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Which of the following is not a method for implementing a new application system?

• A.Parallel.
• B.Direct cutover.
• C.Test.
• D.Pilot.

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