Using US Processes as an Example, the Following Three Distinct Processes

question 71

Multiple Choice

Using U.S. processes as an example, the following three distinct processes of creating laws are discussed in this section. All three processes impact the audit process as auditors must understand and be aware of applicable laws and regulations to effectively test for compliance. Given below are the processes please choosing the correct option?

• A) Legislative, Regulatory and judicial.
• B) Judicial, regularity of laws.
• C) Regulatory and judicial.
• D) None of the above.

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Definitions:

Ergot Compounds

Chemical substances derived from the fungus Claviceps purpurea (ergot), which infects cereal grains and possesses psychoactive and medicinal properties, historically involved in the cause of ergotism or "St. Anthony's fire."

Aflatoxin

A group of toxins produced by certain fungi, which are found on agricultural crops such as maize, peanuts, cottonseed, and nuts, and are highly carcinogenic.

Penicillin

A type of antibiotic derived from Penicillium fungi, effective against many bacterial infections by inhibiting cell wall synthesis.

Candida

Candida refers to a genus of fungi that includes several species, some of which can cause infections in humans, known as candidiasis, particularly in immunocompromised individuals.