An Auditor Who Audits a Business Cycle That Has Low

question 2

Multiple Choice

An auditor who audits a business cycle that has low inherent risk should:

• A) increase the amount of audit evidence gathered.
• B) assign more experienced staff to that area.
• C) increase the tolerable misstatement for the area.
• D) expand planning procedures.

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Definitions:

Genetic Diversity

The total number of genetic characteristics in the genetic makeup of a species, contributing to variations within a population.

Random Segregation

The process during meiosis where chromosomes are randomly distributed to daughter cells, ensuring genetic diversity.

Homologous Chromosomes

Pairs of chromosomes in a diploid organism that have the same structure and sequence of genes but can have different alleles for the same genes, one inherited from each parent.

Alleles

Different versions of a gene that can exist at a specific locus on a chromosome.