An independent audit adds value to the communication of financial info because the audit
a. Confirms the exact accuracy of managements financial representations
b. Lends creditability to the financial statements
c. Guarantees that financial data are fairly presented
d. Assures the readers of financial statements that any fraudulent activity has been corrected
Ans: b. Lends creditability to the financial statements
You might also like to view...
___ is the degree to which a company relies on a provider because of the importance of the provider's product to the company and the difficulty of finding other sources of that product.
Question options: Buyer dependence Internal dependence Regulator dependence Supplier dependence
A risk averse attitude is associated with high ________
A) uncertainty avoidance B) femininity C) power distance D) individualism E) collectivism