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.

---

Definitions:

Polyunsaturated Fats

A type of dietary fat found in foods like nuts, seeds, fish, algae, leafy greens, and vegetable oils, known for its potential benefits in reducing heart disease risk.

Hypertension

A condition where the force of the blood against the artery walls is too high, often leading to health issues such as heart disease.

Sodium

A chemical element (Na) that plays critical roles in the body, especially in fluid balance and nerve function.

Acute Pancreatitis

A sudden inflammation of the pancreas that causes severe abdominal pain and, potentially, serious complications.