What is a by-product of an audit in regards to information risk?
A) increases the amount of available capital
B) lowers the cost of obtaining capital
C) increases the level of information risk
D) increases the cost of obtaining capital

Question

Quizplus · Accepted Answer

An audit can lower the cost of obtaining capital by providing assurance to investors and creditors about the accuracy of financial statements, thereby reducing perceived risk and potentially leading to more favorable borrowing terms.

What Is a By-Product of an Audit in Regards to Information