Which of the Following Is NOT One of the Major

question 62

Multiple Choice

Which of the following is NOT one of the major differences between financial and performance auditing?

• A) The financial audit is distributed to many readers, whereas the performance audit report goes to a few managers.
• B) Financial audits are limited to matters that directly affect the financial statements, whereas performance audits cover any aspect of efficiency and effectiveness.
• C) Financial audits deal with the information in the financial statements, whereas performance audits are concerned with the information in the ledgers.
• D) The financial audit is oriented to the past, whereas a performance audit concerns performance for the future.

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Definitions:

Sender

The person who initiates a message.

Asynchronous Communication

Communication where response does not occur in real-time, allowing delays between messages being sent and received.

Shy Students

Refers to individuals in a learning environment who experience anxiety or discomfort in social situations, making them less likely to participate in class discussions or activities.

Anxious

A state of worry or unease, often about an imminent event or something with an uncertain outcome.