In the Planning Process,the Auditor Assesses the Risk That Misstatements

question 25

Multiple Choice

In the planning process,the auditor assesses the risk that misstatements have occurred in the financial statements.The source of misstatements includes

• A)inaccuracies in gathering or processing data used to audit the financial statements
• B)the use of auditing standards that may be unreasonable or inappropriate
• C)differences between the amount or classification of a financial statement item and what should have been reported under generally accepted auditing standards
• D)omissions of financial statement explanations
• E)financial statement disclosures that are not in accordance with generally accepted accounting principles

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Definitions:

SCADA

An acronym for supervisory control and data acquisition.

Data Acquisition

The process of collecting and measuring physical or electrical data from various sources, typically for analysis and monitoring.

Modbus Protocol

A communication protocol developed for industrial applications to allow devices to communicate over different types of networks.

Master-Slave Technique

The master-slave technique is a method of controlling or operating multiple devices where one (the master) controls the operation of the others (the slaves), ensuring coordinated actions.