In a Compliance Audit, Which of the Following Matters Is

question 23

Multiple Choice

In a compliance audit, which of the following matters is the auditor primarily concerned about?

• A)Whether the financial report is fairly presented in accordance with the identified financial reporting framework.
• B)Whether the entity has achieved its stated objectives.
• C)Whether the entity has followed the relevant requirements applicable to it.
• D)Whether the entity has operated in the most economic and efficient manner.

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Definitions:

Company's Image

The public perception of a company, shaped by its branding, actions, and communications.

Effective

Producing the intended or desired result with efficiency.

Edit

The process of reviewing and making changes or corrections to text or media to improve clarity, quality, and accuracy.

Goal

A desired result or outcome that a person or organization aims to achieve.