If an audit is performed for the benefit of a specific person or organization,that person or organization is known as a(n)
A) party to the contract.
B) primary beneficiary.
C) foreseeable third party.
D) prime benefactor.

Question

Quizplus · Accepted Answer

A benefit audit is performed for the benefit of a specific person or organization, which is known as the primary beneficiary. This can be contrasted with an audit performed for statutory or regulatory compliance purposes, which is not performed for any specific beneficiary.

If an Audit Is Performed for the Benefit of a Specific