A Familiarity Threat Can Be Reduced By

question 37

Multiple Choice

A familiarity threat can be reduced by:

• A) rotation of the lead auditor and review partner.
• B) rotation of the senior partner.
• C) rotation of the audit team.
• D) rotation of audit firms.

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Definitions:

mRNA

Messenger RNA, a type of RNA that is transcribed from DNA and carries instructions for synthesizing proteins to the ribosomes.

Ribosome

Ribosomes are molecular machines within cells that synthesize proteins by translating messenger RNA into polypeptide chains, essential for all cellular functions.

Polypeptide Chain

A long, continuous, and unbranched chain of amino acids linked by peptide bonds that forms part of the structure of proteins.

tRNA Molecules

Transfer RNA; small RNA molecules that transport amino acids to the ribosome during protein synthesis, ensuring the correct amino acid sequence is assembled according to the mRNA template.