A Major Means by Which an Auditor Obtains Evidence About

question 10

Multiple Choice

A major means by which an auditor obtains evidence about material contingencies is ________.

• A)examining documents in the client's possession concerning contingencies
• B)enquiring and discussing them with management
• C)obtaining a response from the client's lawyer to the client's letter of enquiry
• D)reading minutes of shareholders' meeting

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Definitions:

Cellulose

A complex carbohydrate composed of glucose units, forming the primary structural component of plant cell walls.

Carbohydrate

A category of macronutrients consisting of sugars, starches, and fibers found in fruits, vegetables, grains, and dairy products, serving as a primary energy source.

Lipid

Lipids are organic compounds that are fatty acids or their derivatives and are insoluble in water but soluble in organic solvents. They are crucial for cell membrane structure and energy storage.

Nucleic Acid

Biomolecules essential to life, including DNA and RNA, that carry genetic information for the growth, development, functioning, and reproduction of all living organisms and many viruses.