What Must an Auditor Do in an Audit

question 123

Multiple Choice

What must an auditor do in an audit?

• A)Consider how the economic activity is portrayed in the financial statements.
• B)Force management to make operational decisions that will improve the company's financial performance.
• C)Disregard independence in order to find the underlying truth of the evidence.
• D)Establish new criteria by which financial statements may be compared.

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Definitions:

Autotrophs

Organisms capable of producing their own food from inorganic substances using light or chemical energy, such as plants and some bacteria.

Autotroph

Organisms that produce their own food from inorganic substances using light or chemical energy, such as plants and certain bacteria.

Raw Materials

The basic material from which a product is made, often referring to natural resources or primary agricultural products.

Photosynthesis

The process by which green plants and some other organisms use sunlight to synthesize foods with carbon dioxide and water, producing oxygen as a byproduct.