Which of the Following Is NOT a Reason for Having

question 3

Multiple Choice

Which of the following is NOT a reason for having sustainability reports audited?

• A) To provide improved reporting processes
• B) To improve the quality of the information in sustainability reports
• C) To meet the requirements of Australian accounting standards
• D) To increase the credibility of sustainability reports

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Definitions:

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue, indicating financial health.

Return On Assets

A financial metric that measures the profitability of a company in relation to its total assets.

Profit Margin

A financial metric that measures the amount of net income earned with each dollar of sales by calculating the percentage of revenue that translates into profits.

Annual Depreciation

The yearly accounting charge representing the cost allocation of the value of an asset over its useful life.