Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter16: Advanced Topics Concerning Complex Auditing Judgments
Section: Chapter Questions
Problem 59RSCQ
Related questions
Question
Which of the following is a reason for financial regulation?
a.
To ensure market dominance by strong financial institutions.
b.
The failure of any financial institution may have a serious negative impact on individuals and economies.
c.
Banks cannot be trusted.
d.
To ensure government control of the economy.
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