Which of the Following Is Not One of the Three

question 146

Multiple Choice

Which of the following is not one of the three primary types of audits?

• A)Compliance Audits
• B)Financial Statement Audits
• C)IT Audits
• D)Operational Audits

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Definitions:

Reserve Ratio

The fraction of depositors' balances that banks must have on hand as cash, a requirement set by central banking authorities.

Gold Coins

Metal currency minted from gold, historically used as both a medium of exchange and store of value.

Receipts

Documents that acknowledge the receipt of goods or services or the receipt of money, often serving as proof of transaction.

Debit Card

A card used for purchases that directly debits funds from the user's bank account.