Which One of the Following Is Not a Primary Driver

question 99

Multiple Choice

Which one of the following is not a primary driver of audit quality?

• A) Skills and personal qualities of audit staff.
• B) Reasonable audit fees.
• C) Effective audit processes.
• D) Audit firm culture.

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Definitions:

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash.

Retained Earnings

Profits that a company has earned to date, less any dividends or other distributions paid to shareholders, which are reinvested into the business.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Stock Dividend

A payment made to shareholders in the form of additional shares in the company, rather than cash.