When Testing for Accuracy,an Auditor Searches for Evidence

question 39

Multiple Choice

When testing for accuracy,an auditor searches for evidence:

• A)to verify that recorded assets are owned by the entity
• B)that all disclosures that should have been included in the financial report have been included
• C)to verify that a recorded transaction or event took place and relates to the entity
• D)that transactions and events have been recorded at appropriate amounts

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Definitions:

Microevolution

The change in the genetic makeup of a population over time, leading to the development of new species.

Biological Evolution

The process through which the characteristics of organisms change over successive generations, by means of genetic variation and natural selection.

Genetic Engineering

The direct manipulation of an organism's genes using biotechnology to modify its characteristics, often to enhance its performance or suitability for a particular purpose.

Natural Selection

A process in biological evolution where organisms with traits better suited to their environment are more likely to survive and reproduce.