Which of the Following Is Not a Goal of Auditor

question 75

Multiple Choice

Which of the following is not a goal of auditor independence?

• A) To achieve consistent auditor regulation.
• B) To foster high quality audits.
• C) To promote investor confidence in the financial statements.
• D) To minimize the possibility that external factors will influence auditor's judgements.

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Definitions:

Revenues

The total amount of income generated from the sale of goods or services related to a company’s primary operations.

Expenses

The costs incurred in the process of generating revenue, typically categorized as operating or non-operating expenses.

Owner's Equity Statement

A financial document showing the changes in the value of a business owner's equity over a period of time.

Balance Sheet

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