Question
In a performance audit, which of the following matters is the auditor primarily concerned about? Select one: a. Whether the financial report is fairly presented
In a performance audit, which of the following matters is the auditor primarily concerned about?
Select one:
a. Whether the financial report is fairly presented in accordance with the identified financial reporting framework.
b. Whether the entity will continue as a going concern.
c. Whether the entity has achieved its stated objectives.
d. Whether the entity has followed the relevant legislative requirements applicable to it.
If Debtors turned over ration is 20 times in 2018 as compared to only 11 times in 2018, there is a possibility of:
Select one:
a. Unrecorded credit sales in 2018.
b. Fictitious sales in 2018.
c. More thorough credit investigations made by the company late in 2016.
d. Unrecorded cash receipts in 2017.
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