All of the Following Are Challenges for Auditors When Auditing

question 34

Multiple Choice

All of the following are challenges for auditors when auditing records residing in a blockchain network except:

• A)Programming skills may be needed.
• B)Complicated protocols may be difficult to understand.
• C)Smart contracts cannot be used as evidence.
• D)Converting traditional audit approaches to blockchain technology.

Understand the concept and characteristics of unbiased estimators.

Grasp the methodology to calculate and interpret point estimates for various sample statistics.

Comprehend the distinction between point estimates and interval estimates, including the calculation and significance of the margin of error.

Recognize the importance of random sampling in statistical estimation to avoid bias.

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Definitions:

Promissory Note

A written promise to pay a specified amount of money, usually with interest, at a determined future date.

Payee

The person or company to whom the check is payable.

Drawer

Person who writes a check.

Maker

One promising to pay a note.