Which of the following is not a benefit arising from having the financial reports audited?
A)Auditors suggest how controls can be improved.
B)Auditors suggest how greater operating efficiencies may be achieved.
C)Audits have a favourable effect on employee efficiency and honesty.
D)Audits provide access to less favourable borrowing terms.

Question

Quizplus · Accepted Answer

Audits generally provide access to more favorable borrowing terms, not less, as they enhance the credibility of financial statements.

Which of the Following Is Not a Benefit Arising from Having