Which of the following statements about financial audits is true?
A)They are independent appraisals.
B)They may be internal or external to the organization.
C)They may be used to monitor accounting,financial,and operation systems within an organization.
D)They may be conducted on a continual or an intermittent basis.
E)All of these.

Question

Quizplus · Accepted Answer

All of the statements about financial audits are true. Financial audits are independent appraisals that may be conducted internally or externally to the organization. They are used to monitor accounting, financial, and operation systems within an organization, and may be conducted on a continual or intermittent basis. Therefore, all options are correct.

Which of the Following Statements About Financial Audits Is True