Data Dictionary Can Be Used as Part of the Audit

question 56

True/False

Data dictionary can be used as part of the audit trail.

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Definitions:

Separate Corporate Existence

The legal principle that a corporation exists independently from its owners, with its own rights, liabilities, and obligations.

Statutory Merger

A merger in which one of the companies involved absorbs the other legally and retains its original corporate identity, while the other company ceases to exist.

Legal Corporations

Entities that are legally incorporated under specific laws to carry out business or other duly recognized purposes with legal rights and obligations.