Which of the Following Best Describes the Reason Why Independent

question 14

Multiple Choice

Which of the following best describes the reason why independent auditors report on financial statements?

• A) A management fraud may exist and it is more likely to be detected by independent auditors.
• B) Different interests may exist between the company preparing the statements and the persons using the statements.
• C) A misstatement of account balances may exist and is generally corrected as the result of the independent auditors' work.
• D) Poorly designed internal control may be in existence.

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Definitions:

Bacteria

Microscopic single-celled organisms that can be found in various environments, some of which are beneficial, while others can cause diseases.

Inflammation

A biological response of body tissues to harmful stimuli, such as pathogens, damaged cells, or irritants, characterized by redness, heat, swelling, and pain.

Hemorrhage

is the escape of blood from a ruptured blood vessel, leading to bleeding internally or externally.