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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

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