When Electronic Data Is Obtained from an Outside Entity, _______

question 45

Multiple Choice

When electronic data is obtained from an outside entity, _______.

• A)the auditor should assume that it is valid and free from error
• B)the auditor should assume the data is inaccurate and unreliable
• C)the auditor should consider the reliability of the data.
• D)it should be referred to management for vetting, before being submitted to the auditor for analysis

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Definitions:

Storage Locker

A unit designed for the safekeeping of personal or commercial belongings, usually rentable at self-storage facilities.

Order of Eviction

A legal document issued by a court that directs a tenant to vacate a property within a specified timeframe due to violations such as non-payment of rent or breach of lease terms.

Breach of Contract

The violation of any of the agreed-upon terms and conditions of a binding contract, which may give rise to legal consequences for the party in breach.

Forcibly Evict

The act of removing a tenant from rental property by force or through legal proceedings because of violations of the lease or law.