If the Auditor Were Responsible for Making Certain That All

question 172

Multiple Choice

If the auditor were responsible for making certain that all of management's assertions in the financial statements were absolutely correct,

• A) bankruptcies could no longer occur.
• B) bankruptcies would be reduced to a very small number.
• C) audits would be much easier to complete.
• D) audits would not be economically practical.

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Definitions:

Sister Chromatids

Sister chromatids are two identical copies of a single replicated chromosome that are connected by a centromere and eventually separated during cell division.

Daughter Cell

A cell that results from the division of a single parent cell, usually having the same genetic material as the parent cell.

Meiosis II

The second division of meiosis in which sister chromatids separate, ultimately resulting in four haploid cells from the original diploid cell.

Chromosome Number

The total number of chromosomes present in the nucleus of a cell, characteristic of each species.