What Is the Purpose of an Audit

question 135

Multiple Choice

What is the purpose of an audit?

• A) To prove the accuracy of an entity's financial statements.
• B) To lend credibility to an entity's financial statements.
• C) To endorse the quality of leadership that managers provide for a corporation.
• D) To establish that a corporation's shares are a sound investment.

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Definitions:

Assumptive Close

A sales technique where the seller assumes that the buyer has already decided to purchase and wraps up the sale accordingly.

Sunglasses

Eyewear designed to protect the eyes from harmful ultraviolet rays and glare, often also serving as a fashion accessory.

Compliment Close

A sales technique where the salesperson compliments the prospect to create a positive atmosphere and encourage a sale.

Summary-Of-Benefits

A concise outline highlighting the advantages or positive aspects of a product or service, intended to persuade potential buyers.