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:

Compounded Semi-annually

Involves calculating and adding interest to the principal amount of an investment or loan twice per year, leading to compound growth over time.

Semi-annual Withdrawals

Withdrawals made twice a year from an account or investment.

Compounded Annually

The method of calculating interest in which the interest earned each year is added to the principal, so that the balance doesn't merely grow, it grows at an increasing rate.

Monthly Payments

Regular payments made each month towards the repayment of a loan or financial obligation.