Generally Accepted Auditing Standards (GAAS) Require the Auditor to Observe

question 83

True/False

Generally accepted auditing standards (GAAS) require the auditor to observe the taking of the physical inventory at year-end.

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Definitions:

Scalar Variable

A variable that holds a single value of a specific data type, such as an integer or float, as opposed to structures or arrays.

Atomic Data Type

An atomic data type is a type of data that is indivisible in the sense that it is the simplest form of data types that cannot be broken down into smaller types.

Data Structure

An efficient method of organizing, managing, and storing data in a computer so it can be accessed and modified efficiently.

Single-Dimensional Array

An array consisting of a sequence of elements in a single row or column, accessed by a single index.