Which of the Following Is Not True of a Walk-Through

question 4

Multiple Choice

Which of the following is not true of a walk-through audit (WtA) ?

• A) Focuses on five dimensions of service package.
• B) Emphasis is on evaluation of each stage of service delivery.
• C) Survey is completed at customer convenience.
• D) Survey usually conducted by operations personnel.

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Definitions:

Rule 505

Rule 505 was a regulation under Regulation D of the SEC that allowed companies to offer and sell securities to accredited investors without public registration, subject to certain conditions. It has been superseded by updates to the regulations.

Rule 10b-5

A regulation under the U.S. Securities Exchange Act of 1934 aimed at preventing fraud, misrepresentation, and insider trading in the securities market.

With Scienter

Acting with knowledge, especially with regard to the wrongful nature of one's actions.

Burden of Proof

The obligation to present evidence to support one's claim or defense in a legal dispute, determining which party must prove the truth of their assertions to achieve a favorable outcome.