An Auditee's Procedures Require That All Design Drawings Be Dated

question 95

Multiple Choice

An auditee's procedures require that all design drawings be dated and signed. During a design review, an auditor notices that several drawings are signed, but not dated. The missing dates are examples of what kind of data?

• A) Quantitative
• B) Measured
• C) Variable
• D) Qualitative

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Definitions:

Corporation

A legal entity that is separate from its owners and shareholders, which can own assets, incur liabilities, and conduct business.

Government Entity

An organization operated by the government.

Authoritative Body

An organization or institution that sets standards or rules in a specific field, exerting control or influence.

Accounting Principles

The rules and guidelines that companies must follow when reporting financial data, ensuring consistency, reliability, and comparability of financial statements.