The assumption underlying an audit of financial statements is that they will be used by a. Different groups for different purposes. b. The general public in making investment decisions. c. The board of directors as basis of declaring cash dividends. d. The regulatory agencies to verify information that is relevant to their supervisory functions.

The assumption underlying an audit of
financial statements is that they will be
used by
a. Different groups for different
purposes.
b. The general public in making investment
decisions.
c. The board of directors as basis of
declaring cash dividends.
d. The regulatory agencies to verify
information that is relevant to their
supervisory functions.
by

1 Answer

Answer :

Different groups for different
purposes.
by

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