Which of the Following Would Be a Subsequent Discovery of Facts

question 114

Multiple Choice

Which of the following would be a subsequent discovery of facts which would not require a response by the auditor?

• A) discovery of the inclusion of material nonexistent sales
• B) discovery of the failure to write off material obsolete inventory
• C) discovery of the omission of a material footnote
• D) decrease in the value of investments

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Definitions:

Tag

A label or keyword assigned to categorize or identify information, making it easier to search or group related items.

Evidence-Based Medicine

A medical practice approach that emphasizes the use of current best evidence in making decisions about the care of individual patients.

Passive RFID

A type of Radio-Frequency Identification technology where the tag does not have its own power source and relies on the reader's electromagnetic field to communicate.

Active RFID

A type of RFID system where tags possess their own power source to transmit signals to RFID readers, enhancing range and reliability.