An Indirect Effect Is an Audit Situation in Which Noncompliance

question 21

Multiple Choice

An indirect effect is an audit situation in which noncompliance with laws and regulations ________ (choose two options) .

• A)does not have an explicit impact on amounts and disclosures in the financial statements
• B)could require the creation of a contingent liability or an additional disclosure
• C)has an explicit impact on amounts and disclosures in the financial statements
• D)does not require the creation of a contingent liability or an additional disclosure

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Definitions:

Immunogenetic

Pertaining to the genetic basis and hereditary aspects of the immune response within organisms.

Plasmids

Circular DNA molecules that can replicate independently of the chromosomal DNA, often found in bacteria and used in genetic engineering.

Vertical Gene Transfer

The transmission of genetic material from parent organisms to their offspring, following the traditional flow of genetic information.

Antibiotic Resistance

The ability of bacteria to withstand the effects of an antibiotic to which they were once sensitive.