The Purpose of a Financial Audit Includes All of the Following

question 5

Multiple Choice

The purpose of a financial audit includes all of the following EXCEPT:

• A) Assess legality of transactions
• B) Evaluate effectiveness of public resource use
• C) Test internal controls
• D) Examine completeness of financial records

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Definitions:

Internal Product

A product developed for and used exclusively within a company, not intended for the external market.

Additional Employee Training

The process of providing employees with further education or skills after their initial training to improve their performance or prepare them for additional responsibilities.

Internal Company Newsletters

Publications produced by an organization to communicate news, updates, and other relevant information to its employees.

Internal Process

The procedures and activities within an organization that contribute to the production of goods or delivery of services.