External Audits of Financial Statements


Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the term for an examination of a company's financial records by someone that is not an employee of the company?

Create Your Account To Take This Quiz

As a member, you'll also get unlimited access to over 79,000 lessons in math, English, science, history, and more. Plus, get practice tests, quizzes, and personalized coaching to help you succeed.

Try it risk-free
Try it risk-free for 30 days. Cancel anytime
Already registered? Log in here for access

1. Identify the person that performs the financial statement audit?

2. Bob is an accountant with ABC Gas. Over the last 6 months, Bob has made intentional errors in his financial reporting in order to earn more money for himself. Who evaluates and will punish Bob's indiscretion?

Create your account to access this entire worksheet
A Premium account gives you access to all lesson, practice exams, quizzes & worksheets
Access to all video lessons
Quizzes, practice exams & worksheets
Certificate of Completion
Access to instructors
Create an account to get started Create Account

About This Quiz & Worksheet

This quiz/worksheet combination will examine what you know of the title of one who performs a financial statement audit, the judge and jury of the accounting world, those who review an audit report, and those who invest money into a company.

Quiz & Worksheet Goals

More particularly, you're going to be assessed on:

  • The process of examining a company's finances
  • The title of who reviews finances
  • What the judge and jury of the accounting world is
  • A person who reviews an audit report
  • A person who invests into a company or is interested in doing so

Skills Practiced

  • Information recall - access the knowledge you've gained regarding business infrastructure
  • Knowledge application - use your knowledge to answer questions about the auditing process
  • Reading comprehension - ensure that you draw the most important information from the related external auditing lesson

Additional Learning

Have a look at the related lesson, External Audits of Financial Statements to get a better grasp on topics like:

  • Auditing protocol
  • Organizations involved in auditing
  • Key players in the auditing process