Which of the Following Would Provide the Auditor the Best

question 67

Multiple Choice

Which of the following would provide the auditor the best evidence of the Rights assertion for bitcoin recorded as an asset by a client?

• A)Inspection of purchase records maintained by the client.
• B)Confirmation of the bitcoin from a third party.
• C)Execution of a small bitcoin transaction from a digital wallet to demonstrate control of the private key.
• D)Verification of the price of the bitcoin in the Wall Street Journal as of the balance sheet date.

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Definitions:

Physical Assessment

A comprehensive evaluation of a patient's physical condition by a healthcare provider, including observation, palpation, auscultation, and percussion.

Otoscopic Examination

A visual examination of the ear canal and eardrum using an otoscope to detect abnormalities or infections.

Tympanic Membrane

A thin, cone-shaped membrane that separates the external ear from the middle ear and vibrates in response to sound waves, also known as the eardrum.

Pearly Gray

A description often used for objects or surfaces that have a soft, shiny gray appearance similar to that of pearls.