Auditors General Are Responsible for Auditing Which Types of Organizations

question 36

Multiple Choice

Auditors General are responsible for auditing which types of organizations?

• A) public companies with shares issued to investors
• B) private companies that have loans outstanding to banks or other creditors
• C) ministries, departments, agencies, and crown corporations
• D) any organization that submits tax returns to the tax authorities

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Definitions:

WACC

Weighted Average Cost of Capital; a method for assessing a firm's capital costs by applying proportional weights to each kind of capital.

Credit Rating

An evaluation of the creditworthiness of an individual or corporation, often expressed as a grade or score, that reflects the likelihood of the entity defaulting on its debts.