Author Question: The purpose of an audit is to ensure that financial statements have been prepared according to A) ... (Read 130 times)

anshika · **on:** Jul 14, 2018

The purpose of an audit is to ensure that financial statements have been prepared according to
A) the particular company's standards.
B) the industry's standards.
C) generally accepted accounting principles.
D) international accounting standards.
E) the standards of certified public accountants.

Question 2

Punishment is often thought to do more harm than good. However, the advantage of using punishment in this situation is that it could motivate the employee to start showing up at work on time. The disadvantages of punishment are often an unpleasant environment, hostility and resentment, and the possibility that the behavior is suppressed for a short period only to return at a later time.