Auditing is
A) the examination of financial statements by a CA or CPA in order to provide an opinion on their accuracy.
B) a part of accounting that involves only recording of economic events.
C) an area of accounting that involves such activities as cost accounting, budgeting, and accounting information systems.
D) conducted by the Securities and Exchange Commission to ensure that registered financial statements are presented fairly.

Question

Quizplus · Accepted Answer

Auditing involves the examination of financial statements by a certified auditor (CA or CPA) in order to provide an opinion on their accuracy. This is typically done to ensure that the financial statements fairly represent the financial position of the organization and are free from material misstatements.

Auditing Is