Which One of the Following Approaches Does Not Represent How

question 111

Multiple Choice

Which one of the following approaches does not represent how the auditor will become aware of risks associated with long-lived assets?

• A)Obtaining knowledge of the client business.
• B)Reviewing the business plan related to major acquisitions.
• C)Reviewing the minutes of board of directors' meetings.
• D)All represent how the auditor will become aware of risks associated with long-lived assets and related expenses.

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Definitions:

Fraction

A mathematical expression representing the division of one number by another, denoting part of a whole.

Total Number

The entirety or sum of amounts, quantities, or counts of items in a set.

Classes

Categories or groupings into which data points are organized for statistical analysis or presentation.

Cumulative Relative Frequency

A measure showing the percentage of observations that fall below a particular value in a dataset.