An Audit Is an Examination of a Company's

question 61

Multiple Choice

An audit is an examination of a company's

• A)financial statements.
• B)accounting systems.
• C)accounting controls.
• D)all of these.

---

Definitions:

CFO

Chief Financial Officer, the senior executive responsible for managing the financial actions of a company.

Purely Cash Compensation

Payment made in the form of physical currency or through direct deposit to a bank account, without any non-cash benefits.

Company Takeover

The acquisition of one company by another, where the acquiring company assumes control of the target company.

Proxy Fight

A contest between two or more parties to win control over a company by convincing other shareholders to vote for one side's preferred corporate governance changes.