Which of the Following Best Describes the Purpose of an Audit

question 120

Multiple Choice

Which of the following best describes the purpose of an audit?

• A)To prove the accuracy of an entity's financial statements.
• B)To lend credibility to an entity's financial statements.
• C)To audit every transaction that an entity entered into.
• D)To establish that a corporation's stock is a sound investment.

---

Definitions:

Blood Vessels

Cylindrical formations responsible for transporting blood all over the body, encompassing arteries, veins, and capillaries.

Pivot Joint

A pivot joint is a type of synovial joint that allows for rotational movement around a single axis, found in the neck and forearm.

Rotation

The act or process of spinning around an axis or center point.

Biaxial Joint

A type of synovial joint that allows movement in two planes, for example, the wrist or the ankle joints.