The Main Purpose of an Audit Is to Assure Users

question 65

Multiple Choice

The main purpose of an audit is to assure users of the financial information about the:

• A)Effectiveness of the internal controls of the company
• B)Selection of the proper GAAP when preparing financial statements
• C)Proper application of GAAS during the examination
• D)Accuracy and completeness of the information

---

Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept developed during infancy.

Task Procedures

The specific set of steps or actions to be followed in order to complete a task or experiment.

Onset of Crawling

The stage in a baby's development when they start to move on their hands and knees.

Myelination

The process of forming a myelin sheath around a nerve to improve the speed at which electrical impulses are passed along the nerve fiber.