An examination of the financial statements of a business to ensure that they conform to generally accepted accounting principles

Question

SIZIF [17.4K]

3 years ago

14

An examination of the financial statements of a business to ensure that they conform to generally accepted accounting principles

is called:_______
a. A certification
b. An audit
c. A verification
d. A validation

Business

1 answer:

ra1l [238] · Answer 1 · 2022-01-14T19:05:06+03:00

Answer:

The correct answer is letter "B": An audit.

Explanation:

An audit is an objective examination of accounting records that makes sure the records are a fair and accurate representation of the transactions they claim to represent. An audit is often used to mean an examination of a taxpayer's records by the Internal Revenue Service (IRS).