Which Balance-Related Audit Objective Is Important for Uncovering Both Errors

question 2

Multiple Choice

Which balance-related audit objective is important for uncovering both errors and fraud?

• A) completeness
• B) existence
• C) accuracy
• D) detail tie-in

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Definitions:

Horizontal Gene Transfer

The movement of genetic material between unicellular and/or multicellular organisms other than by the "vertical" transmission of DNA from parent to offspring.

Binary Fission

A form of asexual reproduction seen in prokaryotic organisms and some single-cell eukaryotes where a cell divides into two genetically identical cells.

Commensalism

A type of symbiosis in which one organism benefits and the other one is neither harmed nor helped. Compare with mutualism and parasitism.

Lactic-Acid Bacteria

A group of gram-positive bacteria that produce lactic acid as their major metabolic end product during the fermentation of carbohydrates.