The Basic Purpose of an Audit Is To

question 83

Multiple Choice

The basic purpose of an audit is to:

• A)Assure financial statements are in conformity with GAAP.
• B)Provide as much useful information to decision makers as possible,regardless of cost.
• C)Record changes in the financial position of an organization by applying the concepts of double entry accounting.
• D)Meet an organization's need for accounting information as efficiently as possible.

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Definitions:

Sight

The faculty or power of seeing; the visual perception provided by the eye.

Hearing

The ability to perceive sound by detecting vibrations through an organ such as the ear.

Somatosensory Cortex

A part of the brain that processes sensory information from various parts of the body.

Brain Tissue

The collection of neurons, glial cells, and other components that make up the brain, essential for processing information and controlling bodily functions.