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:

Antibiotic

Medicinal compounds used to kill or inhibit the growth of bacteria, utilized in the treatment and prevention of bacterial infections.

Chain Termination

A method used in DNA sequencing that involves the selective incorporation of chain-terminating dideoxynucleotides by DNA polymerase.

DNA Sequencing

Procedure by which the sequence of nucleotides in DNA is determined.

Sanger

Refers to a method developed by Frederick Sanger for determining the sequence of nucleotide bases in DNA.