The Purpose of an Audit Is to

question 143

Multiple Choice

The purpose of an audit is to

• A)determine whether or not a company is a good investment.
• B)comply with income tax regulations.
• C)determine whether or not a company is a good credit risk.
• D)ascertain that the financial statements follow GAAP.

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Definitions:

Comparison Or Contrast

Comparison or contrast involves examining two or more items, ideas, or concepts to identify similarities and differences between them.

Problem And Solution

A method of structuring text or presentations by identifying an issue and proposing one or more ways to resolve it.

Cause And Effect

A connection in which one occurrence (the cause) leads to the occurrence of another (the effect).

Mobile Readers

Devices or software applications designed for reading digital content on mobile phones and tablets.