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Questions and Answers
Which word is the Latin root for the term 'audit'?
Which word is the Latin root for the term 'audit'?
- business
- AUDIRE (correct)
- examination
- complexities
What is the main purpose of an audit?
What is the main purpose of an audit?
- To guide management decisions (correct)
- To draw up a balance sheet
- To examine books and accounts
- To check financial transactions
What is the scope of an audit?
What is the scope of an audit?
- To serve as a guide to management decisions
- To satisfy the auditor (correct)
- To check for suspected fraud
- To increase the complexities of the business
What does an auditor examine during an audit?
What does an auditor examine during an audit?
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What was the original role of an auditor?
What was the original role of an auditor?
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