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:

Sales Promotion

A marketing strategy involving temporary incentives to encourage the purchase or sale of a product or service.

University Bookstore

A university bookstore is a retail establishment located on or near a college campus, specializing in selling textbooks, academic materials, and university-branded merchandise.

Advertising Message

The central theme or idea communicated in an advertising campaign.

Gullah Bible

The Gullah Bible is a translation of the Bible into the Gullah language, which is spoken by the African American communities on the Sea Islands and coastal region of the Southeastern United States.