Which of the Following Would Not Be a Concern of a Financial

question 3

Multiple Choice

Which of the following would not be a concern of a financial audit?

• A) Whether the Department of Environment Services actually spent the
• $150,000 its reports say it did
• B) Whether the 700 gallons of gasoline purchased by the Department were
• actually delivered
• C) Whether the 14 street cleaners employed by the Department could be
• replaced by a motorized sweeper to save $75,000 per year.
• D) Whether permit fees collected by the Department are remitted in their
• entirety to the city Treasurer.

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Definitions:

Environmental Liability

Legal responsibility for the damage caused to the environment, including pollution, habitat destruction, and other forms of environmental harm.

Asset Purchase

A type of business transaction in which the buyer acquires specific assets of a company, rather than its shares.

Share Purchase

The act of buying ownership stakes in a company, represented by shares, indicating partial ownership.

Corporate Security

Strategies and measures adopted by a corporation to protect its assets, intellectual property, and employees.