The Main Purpose of an Audit Is to Assure Users

question 65

Multiple Choice

The main purpose of an audit is to assure users of the financial information about the:

• A)Effectiveness of the internal controls of the company
• B)Selection of the proper GAAP when preparing financial statements
• C)Proper application of GAAS during the examination
• D)Accuracy and completeness of the information

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Definitions:

Carbon Dioxide

A colorless, odorless gas produced by burning carbon and organic compounds and by respiration, absorbed by plants in photosynthesis.

Chemosensitive Area

Chemosensitive neurons in the medulla oblongata detect changes in blood, carbon dioxide, and pH.

Medulla Oblongata

Inferior portion of the brainstem that connects the spinal cord to the brain and contains autonomic centers controlling functions such as heart rate, respiration, and swallowing.

Pons

Portion of the brainstem between the medulla and midbrain.