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Master the Basics of Auditing with this Knowledge Test!

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Master the Basics of Auditing with this Knowledge Test!

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Questions and Answers

Which word is the Latin root for the term 'audit'?

business

AUDIRE (correct)

examination

complexities

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?

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?

<p>Books, accounts, and vouchers</p> Signup and view all the answers

What was the original role of an auditor?

<p>To hear explanations for suspected fraud</p> Signup and view all the answers

Master the Basics of Auditing with this Knowledge Test!

Choose a study mode

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Questions and Answers

Which word is the Latin root for the term 'audit'?

What is the main purpose of an audit?

What is the scope of an audit?

What does an auditor examine during an audit?

What was the original role of an auditor?

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