Which of the Following Is NOT a Category of Audit

question 4

Multiple Choice

Which of the following is NOT a category of audit or attestation report?

• A) Agreed- upon audit procedures
• B) An audit of internal controls
• C) A review engagement
• D) An audit of financial reports

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Definitions:

Taxes

Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.

Sales And Excise Taxes

Sales and excise taxes are forms of indirect taxation imposed on the sale of certain goods and services, where excise taxes are often levied on specific products like tobacco or alcohol.

Commodities

Basic goods used in commerce that are interchangeable with other goods of the same type, often used as inputs in the production of other goods or services.

Purchases

Purchases refer to the action of obtaining goods or services in exchange for money, marking a basic economic transaction between buyers and sellers.