Which of the Following Is a Primary Advantage of Searching

question 21

Multiple Choice

Which of the following is a primary advantage of searching public records in a forensic accounting engagement?

• A) The information remains confidential.
• B) Results are tangible and can be replicated.
• C) Data accessed through public records are reliable.
• D) The multitude of information allows in-depth research.

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Definitions:

Accounting Equation

The foundational equation in accounting stating that Assets = Liabilities + Equity, ensuring balance in a company's financial statements.

Transaction

An exchange or transfer of goods, services, or funds between two or more parties.

Account Type

A classification used in accounting to differentiate various types of financial records, such as assets, liabilities, equity, revenues, and expenses.

Profitable

A financial condition where income exceeds expenses resulting in a net gain.