Post Utme Ims U 2020 Commerce Question 3

Practice objective / multiple choice question 3 from the 2020 Post Utme Ims U Commerce examination.

Post Utme Ims U 2020 Commerce Objective / Multiple Choice

Question 3 POST_UTME_IMS_U • 2020 • COMMERCE • objective

A bank's financial statements are audited annually to ensure that they are presented fairly and in accordance with accounting standards. Which of the following is a key benefit of this audit?

A. To identify any material weaknesses in internal control

B. To ensure that the financial statements are presented fairly and in accordance with accounting standards

Correct Answer C. To provide assurance to stakeholders that the financial statements are reliable

D. To identify any opportunities for cost savings

Correct Answer

Correct Option:

To provide assurance to stakeholders that the financial statements are reliable

This is Post Utme Ims U 2020 Commerce Question 3. It is one of the objective questions from the 2020 Post Utme Ims U Commerce examination.

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