Which of the Following Statements Is Correct

question 80

Multiple Choice

Which of the following statements is correct?

• A) Auditors must obtain bank confirmations on every audit.
• B) Auditors obtain bank confirmations at their discretion.
• C) Auditing standards do not address specific requirements regarding bank confirmations.
• D) Auditing standards do not require bank confirmations except when there is an unusually large number of inactive bank accounts.

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Definitions:

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Defined regions or spaces on the Earth's surface, whether natural or human-made, varying in size and defined by geographic boundaries.

Mutation

The chance alteration of genetic material that produces new variation.

Chromosome 7

A human chromosome that carries genetic information important for various bodily functions and development, with any alterations associated with several genetic disorders.

Northern Europeans

People originating from or associated with the northern part of Europe, often characterized by distinct cultural, genetic, and historical identities.