Which of the Following Objectives Would Not Be a Primary

question 6

Multiple Choice

Which of the following objectives would not be a primary purpose of a performance audit?

• A)A means of assurance that internal controls are functioning as planned.
• B)A measure of management performance in meeting organisation goals.
• C)Providing the results of internal examinations of financial and accounting matters to a company's top-level management.
• D)An aid to the external auditor who is conducting the examination of the financial report.

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Definitions:

Outside Investment

Financial capital provided by investors who are not part of the day-to-day operations of a business, usually in exchange for equity.

Company's Value

An assessment of a business's total worth, based on factors such as assets, earnings, and market position.

Short-term Loan

A loan scheduled to be repaid in less than a year, used for immediate cash flow needs.

Convertible Debt

A type of financing where a loan made to a company can be converted into equity, usually upon the occurrence of future financing rounds.