The Purpose of an Audit Is to

question 125

Multiple Choice

The purpose of an audit is to

• A) determine whether or not a company is a good investment
• B) render an opinion on the fairness of the statements
• C) determine whether or not a company complies with corporate social responsibility
• D) determine whether or not a company is a good credit risk

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Definitions:

Crowdsourcing

The practice of obtaining information, ideas, or content by soliciting contributions from a large group of people, typically from the online community.

Internet

A global network of computers and servers that allows for the exchange of data and information between users across the world.

Enthusiastic Customers

Customers who are highly excited and positive about a brand or product, often advocating for it to others.

The 3 Fs

A colloquial term referring to the primary sources of startup investment: "Friends, Family, and Fools."