Which of the Following Is a General Auditing Standard

question 33

Multiple Choice

Which of the following is a general auditing standard?

• A) Supervision.
• B) Disclosure.
• C) Opinion.
• D) Independence.

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Definitions:

Net Income

Net income is the total profit of a company after subtracting all expenses, taxes, and costs from its total revenue.

Common Stock

A form of corporate equity ownership, a type of security that represents ownership in a corporation, with voting rights at shareholder meetings.

Cash Dividend

A payment made by a corporation to its shareholders, usually in the form of cash, as a portion of the company's profits.

Earnings Per Share

A financial ratio that calculates the portion of a company's profit allocated to each outstanding share of common stock, serving as an indicator of the company’s profitability.