A(n)________ is defined as a verification of a company's books and records.
A) confirmation
B) certification
C) assurance
D) audit
E) affirmation

Question

Quizplus · Accepted Answer

An audit is the process of examining a company's financial records and transactions to ensure their accuracy and compliance with accounting standards. It involves reviewing financial statements, analyzing account balances, testing internal controls, and verifying information with external sources. The end result of an audit is an auditor's report that provides an opinion on the fairness and reliability of the company's financial statements.

A(n)________ Is Defined as a Verification of a Company's Books