To Reduce the Risks Associated with Accepting Electronic Responses to Requests

question 17

Multiple Choice

To reduce the risks associated with accepting electronic responses to requests for confirmation of accounts receivable, an auditor most likely would:

• A)validate the sender of electronic information.
• B)examine subsequent cash receipts for the accounts in question.
• C)consider the electronic responses to the confirmations to be exceptions.
• D)mail second requests to the electronic respondents.

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Definitions:

ATP Molecules

Adenosine triphosphate molecules, which are the primary energy carrier in all living organisms, providing energy for cellular processes.

CAM Plants

Plants using Crassulacean Acid Metabolism, a photosynthetic pathway that conserves water by opening stomata at night.

Calvin-Benson Cycle

A series of biochemical redox reactions taking place in the stroma of chloroplasts in photosynthetic organisms, crucial in fixing carbon from CO2 into organic compounds.

Autotrophs

Organisms that produce their own food from inorganic substances using light or chemical energy, with plants being the most common examples.