Following the Decision in Esanda Finance Corporation V Peat Marwick

question 33

Multiple Choice

Following the decision in Esanda Finance Corporation v Peat Marwick Hungerfords (1997) 71 ALJR 448,to whom does an auditor owe a duty of care?

• A)Anyone who reads the report.
• B)Only to the company who commissioned the report.
• C)Anyone who they know will rely on the report.
• D)Anyone who buys shares in the audited company.

Recognize the importance and methods of financial analysis and control.

Differentiate between various types of managerial control systems and their applications.

Grasp the importance of project completion within the defined scope, time, and cost constraints.

Identify the key financial ratios for analyzing a firm's financial health.

---

Definitions:

Motor Oil Sales

The volume or amount of motor oil sold within a specific period.

Centered Moving Averages

A method used in time series analysis to smooth out short-term fluctuations and highlight longer-term trends or cycles by averaging data points in the middle of a set time window.

Quarterly Sales

The total sales revenue generated by a company or entity within a three-month period.

Motorcycle Dealership

A business that specializes in selling motorcycles and often provides maintenance and repair services.