The Audit Objective Related to Existence Is to Obtain Evidence

question 5

True/False

The audit objective related to existence is to obtain evidence that the asset,liability or equity exists physically or legally.

---

Definitions:

Genetic Risk Factors

Heritable traits that increase an individual's likelihood of developing a disease or condition.

Serum Cholesterol

A measure of the total amount of cholesterol in the blood, including low-density lipoprotein (LDL) and high-density lipoprotein (HDL), important for assessing cardiovascular health.

Cigarette Smoking

The act of inhaling and exhaling the smoke of burning tobacco contained in cigarettes, which is a known health hazard.

Ethnic Minorities

Groups of people who differ in race or ethnicity from the majority population of a country or region.