Which of the Following Is an Advantage of Third-Party Data

question 43

Multiple Choice

Which of the following is an advantage of third-party data source?

• A) It can be obtained independently by the forensic accountant, without the assistance of the subject or engaging counsel.
• B) It is outside the subject's ability to manipulate.
• C) It is direct and accessible.
• D) It can give an insight on the environment in which the subject operates.

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Definitions:

Federal Law

Legislation passed by the national government of a country which applies to all its states or territories.

Involuntary Dissolution

The forced ending of a corporation or partnership by legal means, often as a result of legal or regulatory action.

Gridlock

A situation, often in an urban context, where congestion and overcrowding lead to complete immobilization of traffic. Alternatively, it refers to a deadlock situation where no progress can be made in negotiations or decision-making, often in political contexts.

Shareholders

Individuals or entities that own one or more shares of stock in a corporation, giving them partial ownership.