Which of the Following Scope Limitations Would Ordinarily Be of Most

question 19

Multiple Choice

Which of the following scope limitations would ordinarily be of most concern to the auditors?

• A)The inability to observe inventories because auditors were appointed following the date of the financial statements.
• B)Management's refusal to provide auditors with written representations.
• C)The inability to obtain confirmation of year-end balances from customers because of different billing dates.
• D)The use of the work of component auditors in the audit of group financial statements.

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Definitions:

Clearance Price

A significantly reduced price aimed at quickly selling off product inventory, often to make space for new stock.

Data Type

A classification identifying the type of data that a variable or object can hold in programming, such as integer, string, or boolean.

Field

In computing, a field is a data storage space for a particular piece of information within a record in a database or a form.

CIA Triad

A model designed to guide policies for information security within an organization, encompassing Confidentiality, Integrity, and Availability.