Which of the Following Best Describes the Main Reason That

question 28

Multiple Choice

Which of the following best describes the main reason that independent auditors report on a company's financial statements?

• A)Management fraud may exist within the company and it is likely that the independent auditors will detect it.
• B)Users of financial statements need confidence in the numbers they base their decisions on.
• C)Misstated account balances may be corrected as the result of the independent audit work.
• D)The accounting system from which the financial statements are derived may have a poorly designed system of internal control.

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Definitions:

Salivation

The secretion of saliva in the mouth by the salivary glands, which is often a reflex response to the sight, smell, or taste of food.

Unconditioned Response

A natural, automatic reaction to a stimulus that occurs without any prior learning or conditioning, such as salivating in response to the smell of food.

Food Reward

The pleasure or satisfaction derived from eating, which can influence eating behaviors and choices.

Jump Rope

An activity involving a long rope that is swung over and under an individual or individuals jumping over it, used both for exercise and as a children's game.