A Service Center

question 14

Multiple Choice

A service center:

• A)must have an auditor hired by the PCAOB test the controls of the service center.
• B)audit cannot be relied upon by those outside of the firm.
• C)can engage a CPA firm to issue a report on their internal controls for use by all customers and their independent auditors.
• D)must make all of their systems available to any external party.

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Definitions:

Founder Effect

After a small group of individuals found a new population, allele frequencies in the new population differ from those in the original population.

Limited Gene Pool

Refers to a small variety of genes in a population, which can lead to decreased genetic diversity and increased susceptibility to diseases or genetic abnormalities.

DNA Sequence

The precise order of nucleotides within a DNA molecule, which determines genetic information.