Which of the Following Is Not One of the Fundamental

question 41

Multiple Choice

Which of the following is not one of the fundamental principles underlying the objective of an audit?

• A)Knowledge.
• B)Communication.
• C)Evidence.
• D)Client satisfaction.

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Definitions:

Offshoring

The practice of moving a business operation or process from one country to another, often to reduce costs or access specialized talent.

Cost Of Production

Refers to the total expense incurred in manufacturing a product or providing a service, including materials, labor, and overhead costs.

Legal-Political Conditions

The state of laws and political climate in a given area, influencing businesses, individual rights, and societal dynamics.

Financial Institutions

Organizations that provide financial services like banking, investing, and insurance to individuals and businesses, playing a key role in the economy by managing money and credit.