The following are the three types of audits according to subject matter, except a. Financial statements audits b. Operational audits c. Compliance audits d. External audits
The following are the three types of audits according to subject matter, except a. Financial statements audits b. Operational audits c. Compliance audits d. External audits
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
The following are the three types of audits according to subject matter, except
a. Financial statements audits
b. Operational audits
c. Compliance audits
d. External audits
The following are the three types of audits according to auditor, except
a. External audits
b. Internal audits
c. Governmental audits
d. Performance audits
The following statements relate to auditing in general. Which is false?
a. Compliance audits and independent financial statement audits are similar in nature.
b. Evaluating the efficiency and effectiveness—which depends on how they are defined—of operations
of an entity is subjective.
c. Both a and b
d. Neither a nor b
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