All of the Following Are the Objectives of an Audit

question 20

Multiple Choice

All of the following are the objectives of an audit EXCEPT:

• A) Compliance with legislative or regulatory requirements and related authorities.
• B) The auditor's opinion enhances the credibility of the financial statements, the user cannot assume that the opinion is an assurance as to the future viability of the entity nor the efficiency or effectiveness with which management has conducted the affairs of the entity.
• C) The objective of an audit of financial statements is to enable the auditor to express an opinion whether the financial statements are prepared, in all material respects, in accordance with and identified financial reporting framework.
• D) The phrases used to express the auditor's opinion are "give a true and fair view" or "present fairly, in all material respects', which are equivalent terms.

Analyze the selection of managerial positions for international branches.

Understand the importance of effective selection in minimizing legal risks.

Learn the specific defenses against illegal discrimination claims.

Explain the significance and method of job analysis in determining BFOQ.

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Definitions:

Earn

To receive money or another form of compensation in exchange for labor or services provided, or as a return on investment.

Productive

Being effective in producing desired results or high yields with minimum wasted effort or expense.

Workplace Accidents

Unplanned events in a work environment that result in injury, illness, or damage.

Older Workers

refers to employees typically considered to be near or beyond the traditional age of retirement, who bring experience and knowledge to the workplace.