The Primary Purpose of an Audit Is To

question 47

Multiple Choice

The primary purpose of an audit is to:

• A) assure investors of the wealth of the entity.
• B) assure investors of the future profitability of the entity.
• C) express an opinion on the truth and fairness of the entity's financial statements.
• D) detect fraud by the entity's employees.

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Definitions:

Species Richness

The number of different species represented in an ecological community, landscape, or region, indicating its biodiversity.

Parasitic Relationship

A non-mutual relationship between species, where one species, the parasite, benefits at the expense of the other, the host.

Pathogen

An organism, typically a microorganism, that causes disease in its host, including viruses, bacteria, fungi, and parasites.

Mutualistic Symbiont

An organism that lives in a mutualism, providing reciprocal benefits to its host without harm.