Which of the Following Exemplifies the Role of an External

question 28

Multiple Choice

Which of the following exemplifies the role of an external auditor?

• A) Victor recorded the transactions entered in to by Trident, Inc. in the proper accounting period.
• B) Victor prepared the annual budget of Trident, Inc., and he also helped the department heads prepare budgets for each department.
• C) Victor evaluated the internal controls of Trident, Inc. and reported on the financial position as at the year end.
• D) Victor conducted an investigation into the affairs of Trident, Inc. to allay suspicions of mismanagement of funds.

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Definitions:

Immigrants

Immigrants are people who have moved to a country other than their native one with the intention of settling there, often in search of better living conditions or job opportunities.

Economy

The system of production, distribution, and consumption of goods and services within a particular region or country.

Financially

Pertaining to finances or monetary resources, often used in the context of managing money or economic status.

James Marcia

A developmental psychologist known for his work on adolescent identity development, proposing four identity statuses: achievement, moratorium, foreclosure, and diffusion.