Holly Lane is an accountant with Mildred & Lane Co. and she has recently been asked to visit Maine Manufacturers to survey

Question

3 years ago

8

Holly Lane is an accountant with Mildred & Lane Co. and she has recently been asked to visit Maine Manufacturers to survey

their financial records, assess their compliance with federal and state laws, and provide an opinion reflecting the state of the company's financial records. Holly's assessment of the financial records of Maine Manufacturers is called a(n) ________.
A) probate
B) audit
C) arraignment
D) easement

Business

1 answer:

nevsk [136] · Answer 1 · 2021-12-22T09:23:02+03:00

Answer: Audit

Explanation: In this case the evaluation of financial records of the corporation(Maine Manufacturer) done by Holly lane is known an audit.

Audit is a methodical and autonomous process under which one examines statutory records(i.e books, accounts,documents and vouchers) of an institution and also appraise their acquiescence with laws, and provide an assessment reflecting the expound of organization's financial records.

Therefore, the correct option is (b)

Holly Lane is an accountant with Mildred​ & Lane Co. and she has recently been asked to visit Maine Manufacturers to survey

Holly Lane is an accountant with Mildred & Lane Co. and she has recently been asked to visit Maine Manufacturers to survey