Why Is the Auditor's Role in Performing Audits Important to Our

question 30

Multiple Choice

Why is the auditor's role in performing audits important to our society?

• A)auditors provide direct financial advice to potential investors.
• B)auditors have the primary responsibility for the information contained in financial statements.
• C)auditors issue reports on the accuracy of each financial transaction.
• D)an audit of financial statements helps investors and others to know that they can rely on the information presented in the financial statements.

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Definitions:

Miserable Conditions

Situations or environments that are extremely uncomfortable, unhappy, or difficult to endure.

Overwhelmed by Sadness

Experiencing an intense feeling of deep unhappiness to a degree that might interfere with one’s daily activities or mental well-being.

Need for Achievement

A psychological trait that drives an individual to pursue and attain success, competence, and significant accomplishment in their endeavors.

Task Difficulty

The level of challenge presented by a task, which can affect an individual's performance and the amount of effort required to complete it.