Which of the Following Best Describes the Purpose of an Audit

question 120

Multiple Choice

Which of the following best describes the purpose of an audit?

• A)To prove the accuracy of an entity's financial statements.
• B)To lend credibility to an entity's financial statements.
• C)To audit every transaction that an entity entered into.
• D)To establish that a corporation's stock is a sound investment.

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Definitions:

Persisting

The action of continuing steadfastly or firmly in some state, purpose, course of action, or the pursuit of an objective.

Romantic

Pertaining to a love affair or the expression of love, often characterized by passion and emotional intimacy.

Courtship Behavior

Refers to the behaviors and rituals that individuals in many species exhibit with the aim of attracting and selecting a mate.

Harass

To subject someone to aggressive pressure or intimidation.