The primary reason for an audit by an independent, external audit firm is to
a. Satisfy governmental regulatory requirements
b. Guarantee that there are no misstatements in the financial statements and ensure that any fraud will be discovered
c. Relieve management of responsibility for the financial statements
d. Provide increased assurance to users as to the fairness of the financial statements
Ans: d. Provide increased assurance to users as to the fairness of the financial statements
Business
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If title is to pass at a further time, the transaction is called a bill of sale.
a. true b. false
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Which of the following would LEAST likely eliminate stress in a short amount of time?
A) visualizing a vacation spot B) organizing a schedule C) walking outside D) napping after lunch E) having a massage
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