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WGU C254 PRACTICE REVIEW EXAM 2025 QUESTIONS AND ANSWERS
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---72September 20252025/2026A+
- In the past (early 20th century time-frame), what was the general consensus of the principal 
purpose of audits (including among auditors)? 
To detect fraud 
To certify for the public that management is qualified to run the entity 
To evaluate that companies follow GAAP 
Investigative and analytical purposes - ANS To detect fraud 
Why has there been so much frustration between the general public and auditors regarding 
fraud detection? 
The auditors were not sufficiently trained in GAAP rules an...
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