Audit evidence is generally considered sufficient when:
a) It is from a creditable source.
b) It pertains to the audit objective.
c) It has been obtained from a random sample.
d) There is enough to support well-founded conclusions.
Ans: d) There is enough to support well-founded conclusions.
Business
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Lender's title insurance typically is paid by:
a. the buyer b. the seller c. the lender d. the broker
Business
Which of the following statements is FALSE? In malicious prosecution
A) criminal charges are laid against a person who is innocent B) crown attorneys cannot be the defendant C) there was no reasonable grounds for bring the criminal charges against a person D) a person or a corporation can be liable for this tort E) the person who caused the charges to be laid acted with malice or an improper motive
Business