The Role of the Auditors Is to Analyze the Underlying

question 95

Multiple Choice

The role of the auditors is to analyze the underlying facts to decide whether information provided by management is fairly presented.Auditors design ____1_____ to analyze information in order to determine whether ____2_____ is/are valid.

• A)1=audit objectives; 2=management's assertions
• B)1=audit tests; 2=audit objectives
• C)1=audit tests; 2=audit evidence
• D)1=audit tests; 2=management's assertions

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Definitions:

Minimum Wage

The lowest hourly pay that employers can legally give to workers.

Protected Health Information

Information about health status, provision of health care, or payment for health care that can be linked to an individual.

Employer Identification Number

A unique nine-digit number assigned by the IRS to businesses for purposes of identification and tax reporting.

Internal Revenue Service

The United States government agency responsible for the collection of taxes and enforcement of tax laws.