Explanation

The correct answer is: Marketing strategies

Marketing strategies are a management concern and not a primary concern of an auditor.

Auditors are concerned with examining and verifying the financial statements of a company, which includes:

• Assets
• Liabilities
• Stock (Equity)

Explanation

• Tariff refers to a tax or duty imposed by a government on imported goods or services.
• It is a common instrument of trade policy used to protect domestic industries and generate revenue.

Explanation

• An auditor's role is to provide an independent opinion on the financial statements, not to make management decisions or assume control of operations.
• They focus on evaluating internal controls, verifying financial statements, and identifying material weaknesses, but avoid making decisions that are management's responsibility.

Explanation

Financial statements are necessary for:

• Evaluating the financial performance of a company: Financial statements provide stakeholders with information about a company's financial position, performance, and cash flows, enabling them to assess its financial health and make informed decisions.
• Making investment decisions: Financial statements help investors and analysts evaluate a company's financial prospects, risk profile, and potential for growth, enabling them to make informed investment decisions.
• Complying with laws and regulations: Publicly traded companies are required by law to prepare and disclose financial statements, such as the balance sheet, income statement, and cash flow statement, to ensure transparency and accountability.