Further Audit Procedures Include A)Option a
B)Option B
C)Option C
D)Option D

question 42

Multiple Choice

Further audit procedures include: $\begin{array} { c } & \text { Risk assessment procedures } & \text { Tests of controls} \\ \text { A) } & \text { Yes } & \text { Yes } \\ \text { B) } & \text { Yes } & \text { No } \\ \text { C) } & \text { No } & \text { Yes } \\ \text { D) } & \text { No } & \text { No } \end{array}$

• A)Option A
• B)Option B
• C)Option C
• D)Option D

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Definitions:

Financial Reports

Formal records of the financial activities and position of a business, individual, or other entity.

Comparability

A quality that enables users to identify similarities and differences between two or more items of financial information.

Financial Reports

Detailed statements that provide information on a company's financial performance and position over a specific period.

Stockholders' Equity

The interest left in a corporation's assets, after removing its obligations, which indicates the ownership share.