Which of the following can be regarded as being solely 'compliance' audits?
A) Auditor- General's examinations of the returns of taxpayers
B) Evaluating whether a computerised payroll system is operating effectively
C) Determining if bank requirements for loan continuation have been met
D) An internal auditor's review of his employer's noncurrent asset purchases

Question

Quizplus · Accepted Answer

Compliance audits are focused on determining whether specific rules, regulations, or requirements are being followed. Option C involves checking if bank requirements for loan continuation have been met, which is a compliance activity.

Which of the Following Can Be Regarded as Being Solely