Which of the Following Is Not Characteristic of an External

question 88

Multiple Choice

Which of the following is not characteristic of an external audit?

• A)Primarily used when management suspects embezzlement.
• B)Performed by CPAs.
• C)Performed by an independent organization.
• D)Verifies that generally accepted accounting principles have been followed.
• E)Verifies the accuracy and fairness of financial statements.

---

Definitions:

Financial Satisfaction

The feeling of contentment or happiness with one's financial situation, including income, savings, and investments.

Hunger-Suppressing Hormone

A hormone like ghrelin that regulates feelings of hunger and satiety, helping to control appetite.

Ghrelin

A hormone produced in the stomach that stimulates appetite, promoting the feeling of hunger.

Arousal Theory

A theory in psychology that suggests people are motivated to maintain an optimal level of arousal, which varies by individual, to perform tasks optimally.