It Is Not Important for an Organization to Have Controls

question 76

True/False

It is not important for an organization to have controls to track the location,quantity,condition,maintenance,and depreciation status of long-lived assets because the auditor gathers evidence related to these issues.

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Definitions:

Online Database

A digital collection of organized data or information, accessible through the internet.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact.

Developed Countries

Nations with a higher level of industrialization, income per capita, and standard of living.

Private Life

Aspects of an individual's life that are not meant for public scrutiny or are kept separate from their public, professional, or academic personas.