Which Part of the Audit Report Is Designed to Be

question 63

Multiple Choice

Which part of the audit report is designed to be the most useful on future projects?

• A) Classification
• B) Analysis
• C) Recommendations
• D) Lessons learned
• E) Appendix

---

Definitions:

Interest Rate

The percentage of a loan amount charged by the lender to the borrower for the use of assets, typically expressed on an annual basis.

Face Value

The nominal or dollar value printed on a financial instrument, such as a bond or stock certificate, representing its legal value.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.

Accounts Receivable

Amounts owed to a business by its customers for goods or services delivered or used but not yet paid for.