Which of the Following Is Not a Purpose of the Financial

question 5

Multiple Choice

Which of the following is not a purpose of the financial audit that accompanies statements?

• A)​ensuring compliance with fiscal requirements
• B)​render an opinion about whether the statements present fairly the financial position, results of operation, and cash flows of the government
• C)​to comment on the economy, efficiency or program results of a governmental unit
• D)​statements have been prepared in accordance with GAAP, GASB, and state, municipal, and federal laws

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Definitions:

IQ

An intelligence quotient, a measure of a person's cognitive abilities compared to the population, usually determined by standardized tests.

Immutable

Something that is unchangeable or unable to be altered over time.

Fluid Intelligence

The ability to solve new problems, use logic in new situations, and identify patterns without relying on pre-existing knowledge.

Crystallized Intelligence

A form of intelligence that involves the ability to use knowledge, experience, and skills that one has acquired over a lifetime.