The auditee is the person or company ________.
A)who will use the audited information
B)who performs an audit
C)who pays the audit fee
D)whose information is being audited

Question

Quizplus · Accepted Answer

The auditee is the person or company whose information is being audited. This is because the purpose of the audit is to provide an independent evaluation of the accuracy and completeness of the auditee's financial statements or other information. The auditee may pay the audit fee and use the audited information, but these factors do not define the auditee's role in the audit process. The person or company who performs an audit is called the auditor.

The Auditee Is the Person or Company ________