Computer · Blockchain Technology
Distributed ledgers reduce the need for auditors to perform which of the following tasks because they provide a trusted, unalterable, shared source of financial history?
- 1Check for material misstatement due to errors
- 2Formulate a final professional audit opinion
- 3Verify the ownership and existence of recorded assets✓
- 4Design the internal security control framework
Correct answer
Verify the ownership and existence of recorded assets
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