In an Audit, Management Is Considered the "Client

question 90

True/False

In an audit, management is considered the "client".

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Definitions:

Profitability Ratios

Ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owners’ equity, and sales.

Return On Equity

Net income divided by owners’ equity; also called return on investment (ROI).