Which Situation Would Most Likely Require Special Audit Planning by the Auditors

question 3

Multiple Choice

Which situation would most likely require special audit planning by the auditors?

• A)Some items of factory and office equipment do not bear identification numbers.
• B)Depreciation methods used on the client's tax return differ from those used on the books.
• C)Assets costing less than $500 are expensed even though the expected life exceeds one year.
• D)The investment portfolio has several complex financial instruments,such as derivatives.

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Definitions:

Cognitive Delays

Developmental delays in acquiring skills such as language, reasoning, and motor coordination.

Language Delays

A developmental disorder where a child's language acquisition is significantly slower than what is typically expected for their age, affecting communication.

Concordance Rates

The probability that two individuals with shared genetics (especially twins) will both have a particular trait or disease.

Biological Cause

Underlying physiological reasons for a condition or behavior, often related to genetics or bodily functions.