The Auditor Should Insist That a Representative of the Entity

question 40

Multiple Choice

The auditor should insist that a representative of the entity be present during the physical examination of securities in order to

• A) Lend authority to the auditor's directives.
• B) Detect forged securities.
• C) Coordinate the return of all securities to proper locations.
• D) Acknowledge the receipt of securities returned.

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Definitions:

Non-Volatile

Referring to a type of computer memory that retains its data even when not powered, such as flash memory and ROM.

Data Warehouses

Centralized repositories designed to store, manage, and retrieve structured and unstructured data from various sources for analysis and reporting purposes.

Data Marts

Subsets of data warehouses focused on specific business lines or departments, providing targeted information for data analysis and decision making.

Source System

A system where data originates before it is transferred to a destination system, commonly used in data integration and migration scenarios.