Question

which of the following is not a purpose of financial statement analysis: multiple choice providing information to improve efficiency and effectiveness. providing information for managing and operating the company. helping external users make investing and lending decisions. helping the board of directors monitor managements performance. assuring that the company will avoid an irs audit.

Explanation:

Financial statement analysis aims to provide information for decision - making, performance evaluation, and operational improvement. It does not guarantee avoidance of an IRS audit as that depends on many factors like tax compliance accuracy and IRS selection criteria.

Answer:

E. Assuring that the company will avoid an IRS audit.