To Whom Do Auditors Report

question 29

Multiple Choice

To whom do auditors report?

• A)Shareholders
• B)Directors
• C)Both A and B
• D)Australian Tax Office

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Definitions:

Net Worth

The total assets minus total outside liabilities of an individual or a company, indicating their financial health.

Generation X

Includes the 55 million people born between 1965 and 1980. Also called the baby bust.

Millennials

A demographic cohort following Generation X, generally born between the early 1980s and the mid-1990s to early 2000s.

Revolution Generation

A concept or term sometimes used to describe a cohort of individuals who are perceived as being involved in making significant societal changes or technological advances.