Which of the Following Is the Primary Purpose of Financial

question 154

Multiple Choice

Which of the following is the primary purpose of financial statement audit engagements?

• A) To assess the efficiency and effectiveness of the accounting department.
• B) To evaluate organizational and departmental structures, including assessments of process flows related to financial matters.
• C) To provide a review of routine financial reports, including analyses of selected accounts for compliance with generally accepted accounting principles.
• D) To provide an analysis of business process controls in the accounting department, including tests of compliance with internal policies and procedures.

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