Asked by James O'Connor on Jul 19, 2024
Verified
During the data-collection phase of the audit, the primary objective is to generate a variety of opinions about how the company is perceived and whether it is
A) fulfilling employee benefits commitments.
B) bringing in new customers.
C) meeting profit projections.
D) meeting earnings projections.
E) fulfilling stakeholders' expectations.
Fulfilling Stakeholders' Expectations
The act of meeting or exceeding the hopes, needs, and requirements of those who have an interest or stake in the outcomes of a business or project.
Data-Collection Phase
A stage in research or investigation that involves gathering relevant data to address specific questions or hypotheses.
- Identify the function of stakeholders within the ethics-auditing procedure.
Verified Answer
SF
sabelle franklinJul 23, 2024
Final Answer :
E
Explanation :
The primary objective during the data-collection phase of the audit is to generate a variety of opinions about how the company is perceived and whether it is meeting stakeholders' expectations. This includes assessing the company's overall performance, its financial health, its reputation, and its impact on the community and the environment. The audit should provide a comprehensive view of the company's strengths, weaknesses, opportunities, and threats, and should identify areas that need improvement or further investigation. While employee benefits, customer acquisition, and financial projections are important aspects of the company's performance, they are specific metrics that may not capture the full picture of stakeholders' expectations.
Learning Objectives
- Identify the function of stakeholders within the ethics-auditing procedure.
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