Which of the Following Is Not a Principle of Trust

question 12

Multiple Choice

Which of the following is not a principle of trust service engagements?

• A) Security from unauthorized use.
• B) Availability of the system, products, or services.
• C) Proficiency in preparing transactions.
• D) Confidentiality of information.

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Definitions:

Certificated Options

Options to buy or sell assets, especially securities, which are recognized and documented by a certificate.

Transferable

The characteristic of an asset or a legal right that allows it to be legally transferred or assigned from one party to another.

Warrants

Legal documents issued by a court or government authority that give law enforcement the power to perform certain actions, such as arrests or searches; also refers to financial instruments granting the right to purchase stock at a specified price.

De Facto Corporation

A business entity that operates like a corporation without formal incorporation status, but is treated as a corporation by law under certain conditions.