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:

Free On Board

A shipping term indicating that the seller bears transportation costs to the shipping point, after which the buyer is responsible.

Freight Order Billing

The process of issuing invoices for the transportation services provided for shipping goods, based on agreed terms such as weight, distance, and type of goods.

Purchase Order

A document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.

Receiving Report

A document used by a company to record the receipt of purchased goods, verifying that the goods have been delivered as per the purchase order.