Which of the Following Is Not a Recognized Element of a Successful

question 68

Multiple Choice

Which of the following is not a recognized element of a successful environmental auditing program?

• A) an explicit audit program, with objectives, scope, resources, and frequency
• B) a generational projection of the objectives, strategies, and courses of action of the Environmental Protection Agency
• C) a process that includes specific procedures to promptly prepare candid, clear, and appropriate written reports on audit findings, corrective actions, and schedules for implementation
• D) a process that collects, analyzes, interprets, and documents information sufficient to achieve audit objectives

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Definitions:

Receivables Turnover

A financial metric indicating how efficiently a company uses its assets by calculating the number of times average receivables are collected during a given period.

Sales Trend

The examination of sales data over a period of time to identify patterns or trends, which can help in making business forecasts.

Gross Profit

The difference between sales revenue and the cost of goods sold before deducting overheads, payroll, taxation, and interest payments.