ASA 500 Requires the Auditor to Obtain Sufficient or Appropriate

question 49

True/False

ASA 500 requires the auditor to obtain sufficient or appropriate evidence to support the opinion issued.

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Definitions:

Data Centralization

When data is maintained in only one file.

Relational Algebra

The use of English-like expressions that have variables and operations, much like algebraic equations, to extract data from databases using Structured Query Language.

Boolean Algebra

A branch of algebra that deals with true or false values, typically used in computer logic and circuit design.

Real-time Processing

Computing that processes data as it is received, ensuring immediate output and responses.