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 operating systems within an organization.
D) They may be conducted on a continual or an intermittent basis.
E) All of these choices

Question

Quizplus · Accepted Answer

All of the statements are true. Financial audits are independent appraisals that may be conducted internally or externally to monitor accounting, financial, and operating systems within an organization. They may also be conducted on a continual or intermittent basis.

Which of the Following Statements About Financial Audits Is TRUE