Answered: The final outcome of an audit process…

The final outcome of an audit process is a/an _______________ a. Audit report b. Profit or loss c. Balance sheet d. Income and expense

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter6: Audit Evidence

Section: Chapter Questions

Problem 6CYBK

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Question

The final outcome of an audit process is a/an _______________ a. Audit report b. Profit or loss c. Balance sheet d. Income and expense

Definition Definition Amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item

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