26, which of the following advantages is least likely to be experienced by ? company an enterprise resource planning IERP) System? A. Reduced cost 8. Improved efficiency C. Broader access to information D. Reduced errors 27. An ERP system is a software system that provides each of the fallowing EXCEPT A. Collection, processing, storage, and reporting of transactional data 8. Enhancement of e-commerce and e-business C. Coordination of multiple business processes. D. Physical controis for the prevention of inventory theft 28. Which of the foilowing is NOT a feature of an ERP system's database? B. Increased need for data storage within functional areas C Increased customer service capability D. Increased data sharing across functional areas 29.What company developed the first true ERP systems? A. Microsoft B. Peoplesoft C SAP D. IBM 30. In the late 1990s, the Y2K compatibility issue was concerned primarily with computer systems A. File retrieval capability B. Data storage C. Human resource comparisons D. Capital budgeting 31. In an audit of financial statement in accordance with generally accepted auditing standards, an auditor is required to: A. Document the auditor's understanding of the client company's internal controls. B. Search for weaknesses in the operation of the client company's internal controls C. Perform tests of controls to evaluate the effectiveness of the client company's internal controls. D. Determine whether controls are appropriately operating to prevent or detect material