Further Audit Procedures Include A)Option a
B)Option B
C)Option C
D)Option D

question 56

Multiple Choice

Further audit procedures include: $\begin{array}{lll}&\text { Risk assessment procedures }&\text { Tests of controls }\\\text { A. } & \text { Yes } & \text { Yes } \\\text { B. } & \text { Yes } & \text { No } \\\text { C. } & \text { No } & \text { Yes } \\\text { D. } & \text { No } & \text { No }\end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Real Return

The profit or loss on an investment adjusted for inflation, reflecting the actual purchasing power of the return.

Small U.S. Stocks

Refers to shares in small-cap companies based in the United States, typically characterized by a small market capitalization.

Long-Term U.S. Treasury Bonds

Bonds issued by the U.S. government with a maturity of typically 20 or 30 years, considered to be one of the safest long-term investments.

EAR

stands for Effective Annual Rate, a calculation that reflects the annual interest on an investment or loan, taking into account the effect of compounding interest.