A Bank Would Look at an Audit Opinion Prior to Making

question 55

Multiple Choice

A bank would look at an audit opinion prior to making a loan, in order to determine:

• A)whether or not fraud has been committed in the company.
• B)whether or not they can rely on the financial statements.
• C)whether or not the net income is on par with industry standards.
• D)whether or not the company is in compliance with regulations.