The Trait That Distinguishes Auditors from Accountants Is the

question 40

Multiple Choice

The trait that distinguishes auditors from accountants is the

• A) auditor's ability to interpret accounting principles generally accepted in the United States.
• B) auditor's education beyond the bachelor's degree.
• C) auditor's ability to interpret FASB Statements.
• D) auditor's expertise in the accumulation and the interpretation of audit evidence.

---

Definitions:

Stockholder

An individual or entity that holds one or more shares of stock in a public or private corporation, thus owning a portion of the company.

Dividends

Payments made by a corporation to its shareholder members from the company's earnings.

Chief Accounting Officer

The Chief Accounting Officer (CAO) is a senior executive responsible for managing the accounting operations of an organization.

Controller

A senior position in a business responsible for overseeing the accounting operations and financial reporting.