The Primary Purpose of Audit Procedures Is to

question 76

Multiple Choice

The primary purpose of audit procedures is to

• A) detect all errors or fraudulent activities as well as illegal activities.
• B) comply with auditing standards promulgated by the PCAOB for publicly held clients.
• C) gather corroborative audit evidence about management's assertions regarding the client's financial statements.
• D) determine the amount of errors in the balance sheet accounts in order to adjust the accounts to actual.

---

Definitions:

Simulation

The use of models or virtual environments to imitate real-life processes, situations, or environments for training, testing, or research purposes.

Avatars

Computer depictions of trainees, which the trainees manipulate in an online role-play.

Internship

On-the-job learning sponsored by an educational institution as a component of an academic program.

Educational Institution

An organization dedicated to providing educational services, such as schools, colleges, and universities.