[Anonymous]

While doing AUD MCQs, “EDP Reports” come up frequently in the answer choices, and I am having a hard time understanding what they are and why they are relevant. Can someone help me with an explanation? Thanks

[SeattleAccountant]

“EDP stands for ‘Electronic Data Processing'. EDP reports

refer to the reports generated from the computer software in

which business transactions or other information is

maintained. For example if ERP software is used in a

company, any report related to Purchase, Sales, inventory,

Accounting, may be generated for the software records & such

reports are called EDP reports. “

https://www.allinterview.com/showanswers/124439.html

Becker Class of Jan - Aug 2013: FARB DONE!!!!
CPA license pending 🙂

[Author]

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