The Purpose of an Audit Is To

question 15

Multiple Choice

The purpose of an audit is to:

• A)Give shareholders a guarantee that the financial statements are correct
• B)Give stakeholders a guarantee that the financial statements are correct
• C)Enhance the degree of confidence of intended users in the financial report
• D)None of the options are correct

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Definitions:

Social World

The realm of human interaction and relationships, encompassing various social structures, institutions, and cultures that define human societies.

Durkheim

A French sociologist known for his foundational contributions to social science, particularly in the study of social cohesion and the functions of societal institutions.

Communication

The process of exchanging information, ideas, feelings, signals, or messages through various means, including verbal, non-verbal, and digital channels.

Radical

Relating to or affecting fundamental nature; often used to describe profound or extreme political or social changes.